The European real estate sector is enduring a period of turbulence not seen since the 2008 financial crisis. Industry players are dealing with a confluence of stubbornly high interest rates, falling valuations, rising energy...more
The ongoing decline in NPL volumes in 2022 and pivot towards smaller disposals leave European lenders well positioned to withstand adverse economic conditions.
Lenders are enjoying the fruits of their labours. Having...more
The past six months have seen difficult economic times in much of Europe, with governments and central banks seeking to respond to both the increases in costs of living and the need to curb inflation. Notwithstanding the...more
5/16/2023
/ Belgium ,
EMEA ,
EU ,
Germany ,
Italy ,
Legislative Agendas ,
Luxembourg ,
Popular ,
Real Estate Investments ,
Spain ,
UK
The Economic Crime (Transparency and Enforcement) Act 2022 (the "ECTEA") has been introduced as part of the government’s strategy against overseas criminals who launder money through UK real estate...more
What does the future hold for NPLs? There's still plenty of business to be done, but buyers and sellers alike will need to change tack to get the most from the available opportunities....more
6/27/2022
/ Banking Sector ,
Buyers ,
Coronavirus/COVID-19 ,
Financial Institutions ,
France ,
Greece ,
Ireland ,
Italy ,
Loans ,
Non-Performing Loans (NPL) ,
Sellers ,
UK
Europe's banks continue to defy expectations—not a single country saw its banking sector’s NPL ratio increase in 2021, with the vast majority reporting an improvement....more
In the last few years, and very much following in the footsteps of the US, the UK's life sciences sector has grown exponentially. This growth has been accelerated by Governmental support for the scientific community in the...more
Despite encouraging signs that economies could reopen as COVID-19 vaccinations are rolled out, additional waves of infections and extended travel restrictions weigh heavily on the leisure and hospitality industry -
The...more
The effect of the COVID-19 pandemic on the hospitality industry has been especially severe, the face-to-face nature of commercial activity in the space making it especially susceptible to social distancing and lockdown...more
One of the many consequences of the COVID-19 pandemic will be the long term effect on the landlord and tenant relationship. The concept of a landlord who passively collects rent on the basis of a 10-year (or more) lease term...more
As part of our periodic updates, here is an overview of recent developments of relevance to participants in the real estate finance market across certain key jurisdictions in Europe.
Europe -
COVID-19 -
First and...more
Leisure M&A deal value totaled US$13.5 billion in Q1 2020, which, although higher than figures recorded for Q1 2019, was more than 50% below Q4 2019 levels. Deal volume dropped to 117 transactions, the lowest quarterly total...more
6/4/2020
/ Acquisitions ,
Capital Markets ,
Chapter 11 ,
Credit Agreements ,
Distressed Debt ,
Enforcement Actions ,
Hospitality Industry ,
Joint Venture ,
Mergers ,
Private Equity ,
Private Equity Firms ,
Reporting Requirements ,
Restaurant Industry
On 1 January 2019, International Financial Reporting Standards 16 came into effect, which introduced a change in reporting requirements for operating leases (such as leaseback leases). But has this had the negative effect on...more
12/3/2019
/ Amended Rules ,
Commercial Leases ,
EU ,
Financial Reporting ,
IFRS ,
Leaseback ,
Operating Leases ,
Purchasers ,
Real Estate Investments ,
Reporting Requirements ,
Sellers ,
Stamp Duty Land Tax ,
UK ,
Value-Added Tax (VAT)
The asset manager's expertise, coupled with the investor's capital, allows both parties to maximise their respective returns.
Real estate has always had a strong appeal to investors. Property yields have been outperforming...more
11/19/2019
/ Asset Management ,
EU ,
Exit Planning ,
Financing ,
Foreign Investment ,
Internal Rate of Return (IRR) ,
Investors ,
Joint Venture ,
Mezzanine Lenders ,
Property Managers ,
Real Estate Development ,
Real Estate Investments ,
Tax Planning ,
UK