Insight

DWS plans up to €1bn maiden whole loan strategy

The firm has seen a retrenchment from banks and is looking to ‘control more of the capital stack’ amid refinancing shortfall.

Term Sheet: Central banks diverge on rates, Bank of England extends its gaze to shadow banks, FAP makes its debt fund ‘dark green’

Central banks diverge paths for the first time in months as inflation and high rates persist; the Bank of England’s system-wide stress test brings scrutiny to alternative lenders; Germany’s FAP makes a sustainable statement by converting its debt fund to Article 9; and more in today’s briefing, exclusively for our valued subscribers.

Tikehau confident on €1bn debt target despite tough fundraising climate

The French manager, and joint venture partner Altarea, have committed €200m of initial capital to their first dedicated real estate debt vehicle.

Falling office values are becoming a problem for conservative lenders

Receiverships at Docklands office buildings in London suggest even prudent senior lenders will be impacted by problems in the office sector.

Why FAP converted its debt fund to ‘dark green’

The Berlin-based firm says its open-ended credit vehicle is one of the first in Germany to be classified as Article 9.

How lenders can get ahead of stressed situations

Debt providers can take steps to navigate complex situations in this challenging market, comments Ali Khaki, insolvency practitioner with FTI Consulting.

Patrizia and ARA club together in UK and Spain loan deals

The two managers have financed a 130,000 sq ft green office refurbishment in the UK and a 160-bed student housing asset in Spain.

Brookfield’s £300m Harwell loan paves way for life sciences growth

The Canadian manager secured financing from a consortium of lenders to develop a further 440,000 sq ft on its Harwell campus in Oxford.

Term Sheet: First Property’s senior lending move, a warning on Irish debt, Starz refinances Brookfield

UK real estate company First Property Group becomes the latest to enter the lending space with a senior loans platform; Ireland’s central bank warns of elevated risk to real estate loans; Brookfield sources a significant German refinancing from Starz Real Estate; and more in today’s briefing, exclusively for our valued subscribers.

Sweden’s real estate market poses growing risk for Nordic banks, says rating agency

Large commercial real estate exposures and rising credit risks of Swedish loans make the region’s biggest banks vulnerable as prices decline, DBRS MorningStar warns.