Lending

Do not expect sharp fall in debt costs, experts warn

Expectations of 2024 rate cuts are already factored into base lending rates, according to market watchers.

Puma provides largest loan yet with £72m UK PBSA facility

The specialist lender’s 30-month loan will support the delivery of a 790-bed scheme in Nottingham, UK.

Lenders expected to have limited appetite for German real estate, Berlin Hyp finds

Finance will remain scarce for the next two years, while buyers and sellers disagree on values, according to the bank’s latest sentiment survey.

Blackstone Italy loans among CMBS with highest refinancing risk, warns ratings agency

Scope Ratings listed six securitised European loans, due to mature this year, as most at risk.

Generali and Grosvenor announce UK residential lending JV

The partnership, which is seeded with an initial £100m, has so far financed a scheme in London’s Docklands.

Ashby to grow debt exposure with UK development and junior property loans

The London-based manager transacted its first deal in December after seeding its debut property debt platform with £100m of equity last May.

BayernLB keeps faith with offices despite sentiment headwinds

The German bank provided a €125m green loan to Frankfurt-based Commerz Real for the 2Amsterdam office.