Europe

LaSalle’s Zerda on why solving the refinancing crisis will require more than just debt

Michael Zerda was among Europe’s first cohort of private real estate debt managers. Over a decade on, he considers the future of debt and equity structures.

Alternative lenders look for opportunities amid Germany’s real estate crisis

German banks face huge uncertainty as the country’s real estate sector gradually resets. Private debt managers are aiming to capitalise on the disruption.

CBRE: Debt funds fuel growth for pan-European advisers

As alternative lenders expand their market share across Europe, debt advisory is gaining prominence, CBRE’s Chris Gow and Clarence Dixon argue.

Roundtable: A fresh take on Germany’s future

Real estate specialists say the country’s market needs innovative lending solutions

Solutus on Europe’s uneven CRE lending recovery

While the region is in a more stable economic place today, the uptick in transaction activity isn’t happening uniformly across all regions, says Gareck Wilson, managing director at Solutus.

Alternative lenders step in to finance German recovery

Non-bank lenders are finally being compensated for risk in Europe’s largest real estate market and have a crucial role to play in capital restructuring, according to PIMCO’s Roman Kogan and PIMCO Prime Real Estate’s Roland Fuchs.

Three Stars: Performance of luxury hotels shines brightly

Three Stars Capital Partners’ Mauro Savoia highlights the resurgence of hotel opportunities for investors and debt providers following the covid crisis.

Borrower view: Värde’s Vía Célere on refinancing €300m of bond debt with banks

A syndicate of Spanish banks partially replaced the Spanish developer’s bond debt with a floating rate loan earlier this month.

Sentiment survey: Improving backdrop boosts market mood

The index scores calculated across the survey results show an improvement in respondents’ outlook.

Blackstone and Brockton source £520m refinancing for flexi offices JV

Fora’s refinancing was partially provided by a CMBS underwritten by Bank of America.