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Event Date |
Thu Nov 25 GMT (about 3 years ago)
In your timezone (EST): Thu Nov 25 5:00am - Thu Nov 25 6:00pm |
Location |
CORESTATE Capital Advisors GmbH
Friedrich-Ebert-Anlage 35-37, 60327 Frankfurt am Main, Germany |
Region | EMEA |
Real Estate debt has been one of the fastest-growing property asset classes in recent years and has played an increasing role in acquisition financing, thanks to the ongoing demand for debt finance from developers and investors' hunt for yield. How has the pandemic changed the market? Is it expected to be a short term or longer term influence? Now that economic recovery is on the horizon, what is the outlook for 2022?
On the positive side, real estate debt is appealing because of the yield premium relative to corporate bonds, the potential downside-risk mitigation and the fact the market has been more disciplined after the GFC. On the negative side, as economic conditions deteriorate after the pandemic, there is a downside risk to valuations. Will the crisis and uncertainty around geopolitical events make underwriting real estate values and cash flows more difficult?
The economic disruption caused by the pandemic has made banks more cautious: to what extent has this increased opportunities for non-bank lenders? What are the prospects for the months ahead? Will the previous surge in institutional interest in debt continue or will we see a pause? Debt has been described as an 'investment superfood' that can enhance portfolio performance. What are the advantages, and what are the risks? What is happening with loan sale activity in Europe? In which countries or regions is the activity likely to be concentrated? What are the prospects for investment activity in Europe in 2022?
Our panel of market experts will address these and other questions during this time-efficient briefing.
2021 Speakers
Assem El Alami
Head of International Real Estate Finance Berlin Hyp AG, Germany
Martin Bassermann
Chairman of the Board, HFS Helvetic Financial Services AG, Suisse
Johannes Märklin
Member of the Management Board (CDFO) CORESTATE Capital Group, Germany