Back in March, the Treasury was universally considered to have missed a window of opportunity to instigate a consultation on commercial mortgage REITs in the Budget, seen by many as a potential solution to much of the legacy refinancing still ahead across the UK and Europe.
The failure to begin the process of consultation, a precursor to any future UK legislation, has not stopped the market talking about the important role commercial mortgage REITs (CMREITs) could play in opening up a new universe of investors – and ultimately capital – to buy real estate debt in a listed, transparent structure.
CREFC Europe, the trade association for the commercial real estate finance industry, is organising an after-work seminar on Thursday week – 29 November – for market participants to debate the potential solution.
In the late-afternoon session – hosted by DTZ at its 125 Broad Street at Bank – panellists will discuss CMREITs in US, and the lessons learned, and the potential for them in Europe. The discussion will also include identifying the types of investors in US MREITs as well as the full potential investor base for European structures.
Moderated by DTZ’s global head of research, Hans Vrensen, the panellists comprise:
- Marion Cane, Executive Director – Real Estate, Hospitality & Construction – Tax, Ernst & Young
- Boyd Fellows, CEO, Starwood Property Trust
- Joshua Barber, Vice President – Research Analyst, Stifel Nicolaus
Vrensen said: “CMREIT’s could play a part in bridging the debt funding gap. Since the gap remains significant, despite a range of new emerging non-bank lending sources, we still need all the help we can get.”
Registration for the session closes this Friday, to register please click here. For those who register before Friday, the delegate fee is only £90 for CREFC Europe members and £155 for non-members.
The session will conclude by 17:45 and will be followed by networking drinks.
CREFC Europe’s membership consists of more than 70 companies from the commercial real estate finance industry. Globally, CREFC has more than 300 member companies. Members include commercial banks, insurance companies, private equity funds, investment grade and B-piece buyers, servicers and rating agencies, among many others.
In addition to its committees and working groups, CREFC Europe acts as a legislative and regulatory advocate for the industry, plays a vital role in setting market standards and provides education for market participants in this key sector of the global economy.
For further information, please contact: Carol Wilkie, Managing Director, CRE Finance Council Europe: firstname.lastname@example.org