Insight

Managers ready themselves for European opportunities

A reduced appetite for risk among banks is further opening Europe’s real estate financing market for alternative lenders.

Term Sheet: Brookfield’s defaults, Amundi’s fundraising, Evora’s climate warning

Brookfield’s defaults point to trouble ahead in the US office sector; Amundi hits the fundraising trail as it sees a renewed liquidity premium, Evora Global’s property investor survey demonstrates the impact of climate change; and more in today’s briefing, exclusively for our valued subscribers.

Lenders see improved financing conditions

Signs of easing inflation are giving some lenders more confidence to underwrite loans.

Lenders and borrowers will strive for near-term resolutions to debt problems

Two of the biggest names in private real estate were engaged in conversations with their lenders about loans that are now due.

EDR REIM to target international investors for second property debt vehicle

The Swiss asset manager is aiming to tap a broader investor base than for its first fund, which was mainly limited to German investors.

Term Sheet: Blackstone denied loan extension, abrdn’s continental expansion, a record loan in Warsaw

Blackstone’s request for an extension to a major Finnish loan denied by CMBS noteholders; abrdn sees continental European opportunity as it plans a new lending vehicle; HB Reavis says record Warsaw loan bodes well for future developments; and more in today’s briefing, exclusively for our valued subscribers.

How debt fund managers can make back leverage work amid volatility

Users of loan-on-loan financing may want to provide their lenders additional protections in this period of uncertainty, say Richard Hanson and Julius Maximilian Rogenhofer of law firm Morgan Lewis.

abrdn plans €1bn senior lending expansion into continental Europe

The UK manager is aiming to raise capital for a dedicated continental European vehicle with the aim of beginning lending this year.