Insight

Term Sheet: Bayes highlights lender competition, Redevco pushes into debt with key hire, PERE Deals launches

The latest Bayes Business School report on the UK financing market shows lenders are competing hard for the best deals; developer Redevco targets the lending market with a key hire from LaSalle Investment Management; PERE Deals launches to shed light on the capital behind the transactions; and more in today’s briefing, exclusively for our valued subscribers.

Lenders cutting pricing as they compete fiercely for deals, says Bayes

Debt providers chasing a limited number of deals are reducing loan margins, according to the business school’s latest report.

Whole loans and stretched senior overtake mezzanine in Germany, says adviser

Mezzanine financing in Europe’s largest real estate market is playing less of a role, according to the report.

Dalata’s €600m refinancing signals lender appetite for hospitality

Large volumes of hospitality transactions across Europe have positively affected lending activity.

Expo Real 2024: Refinancing dominates, deal volume remains slim

The mood in the halls was upbeat but the ‘same challenges’ are weighing on recovery.

Term Sheet: Optimism at Expo Real, pbb plots new course, Greystar sources £600m BTR loan

A relatively optimistic tone was set at the Expo Real gathering in Munich this week, as market participants reported easing conditions; Germany’s pbb Deutsche Pfandbriefbank rethinks its strategy to focus on high-value sectors; US manager Greystar’s major financing by a consortium of banks demonstrates lender support for UK build-to-rent; and more in today’s briefing, exclusively for our valued subscribers.

REC Europe’s Active Lenders 2024: Less than a week to make a submission

The deadline is midday UK time on Wednesday 16 October.

Term Sheet: CDPQ’s C-PACE supercharge; Expo Real’s semi-optimism; Monarch’s real estate priorities

C-PACE financing gathers more momentum with Nuveen Green Capital and CDPQ linking up on a $600 million investment initiative; continued stasis is causing some lender and sponsor exhaustion in the real estate market, but Expo Real attendees show signs of stateside dealflow optimism; Monarch Alternative Capital outlines its real estate credit, CMBS and equity investing priorities with the close of its $4.7 billion fundraise last week; and more in today’s Term Sheet, exclusively for our valued subscribers.

Greystar sources £600m to fund latest addition to London’s BTR scene

The loan, provided by four banks, will support the delivery of a major project in the UK capital.

ESR writes £100m housing loan following expansion of UK government-backed scheme

The loan, to a UK housing association, is the first since the funding programme was increased to £6bn.