Europe

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.

Escalation of bank sector problems cannot be ruled out, says M&G

A full-scale financial crisis currently looks unlikely, but there is further potential for volatility, the manager warned.

Ireland’s lenders vulnerable to property price declines, says central bank

The Central Bank of Ireland’s latest review foresees continued price declines testing loan-to-value covenants.

High-yield lenders target returns down the risk curve

Alternative lenders are reluctant to write high leverage loans in today’s market.

Chatham’s Bowie: Borrowers are seeking extensions to existing loans

The head of Europe for the risk management firm sees sponsors aiming to push out debt maturities by up to two years.

French banks back AXA’s film studio debut

The investment manager acquired one of France’s largest studios from French property manager Nexity.

Victory Group closes €249m Brussels office refinancing

The transaction, on which JLL advised, was completed at a time when banks increasingly scrutinise office loans.

The time is right for alternative lenders to prioritise Europe

A variety of factors are encouraging non-bank lenders to launch into continental Europe across all strategy types.