Europe

UBS' real estate and private markets business analyses the areas of private real estate that will bear the biggest short-term impacts of a world under lockdown.

The sector has seen one of the sharpest drops in performance since the outbreak, according to data unveiled at a Cushman & Wakefield webinar.

‘In the current situation, it’s really tough to underwrite something,’ Rainer Komenda, the €80bn Bavarian pension investor’s head of real estate funds, tells sister title PERE.

Why the manager of the world’s biggest broker bypassed the time it takes to set up a debt platform organically in the region by buying one instead.

Five industry experts gauge the impact of the UK’s departure from the EU on the commercial real estate debt market. Photography by Micha Theiner.

With the Brexit impasse at an end – for now – could there be a return of investor confidence in the UK’s commercial real estate market? It might not be so straightforward.

CBRE data show that loan-to-value ratios fell in five retail markets across the continent, compared with only three for offices and two for industrial.

The winning organisations and deals in our 2019 awards highlight a property finance market in full flow, even late into the real estate cycle.

Value-add assets in the region during this fully-priced part of the investing cycle require existing income and disciplined leverage for the best chance of success, argues Mike Bryant, co-head of real estate at manager Partners Group.