Lending

DWS, Societe Generale’s financing of Défense Plaza ‘remained attractive’ despite covid-19

The €205m refinancing facility for Northwood Investors was described by DWS’s Oswatitsch as having a ‘defensive nature’.

Co-working lockdowns put flexible workspace models under fresh scrutiny

“With the right operating model, a co-working operator model could thrive in recovery” – Simon Brooks, Investec

UK development finance to be scarcer and more expensive

But ‘future-proofed’ schemes should see increased demand, according to the latest CBRE research.

Schützenquartier: A multicoloured gem where the Berlin Wall once stood

Natixis Pfandbrief provided a €129.5 million loan to finance Henderson Park’s purchase of the office and retail complex in central Berlin

The borrower view: Barkha Mehmedagic of Commerz Real

Commerz Real’s head of asset financing and treasury on how covid-19 will affect the debt market.

Kennedy Wilson, Fairfax to pursue distressed assets with $2bn debt platform

The duo will target both the acquisition and origination of loans secured by real estate in the western US, Ireland and the UK.

Sentiment among lenders is down, but not out – CBRE

Since March, consultancy CBRE has monitored a set of lender sentiment metrics to gauge the response in the debt market to the covid-19 crisis. Here, Paul Coates, head of debt and structured finance at CBRE Capital Advisors, discusses the findings.

Debt market uncertainty is adding to core investors’ problems

Equity is committed and ready to invest in prime European property, but a lack of clarity on debt terms is an issue for investors.

What lenders are financing during lockdown

The real estate lending market is largely on pause. But the deals closed since the onset of the crisis hint at what lenders are still willing to sign off on.

How real estate debt is moving away from commingled funds

Capital providers and their managers are seeking fresh pockets of value as fundraising in the sector dips.