Tag Archives: European Central Bank

BAML issues initial pricing guidance for Italian private equity CMBS

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Bank of America Merrill Lynch (BAML) has issued initial pricing guidance on its first European commercial real estate securitisation of the year – the private equity sponsored €286.425m Taurus 2015–1 IT. The transaction is the securitisation of three commercial real … Continue reading

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ECB’s €1.1trn QE programme will trigger ‘second order’ effects for European CRE

The European Central Bank’s larger-than-anticipated €1.1 trillion bond-building programme over the next 18 months will trigger second order effects in Europe’s commercial property debt and equity markets. ECB president Mario Draghi’s announcement yesterday surprised the market on the scale of … Continue reading

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Analysts predict up to €8bn in CMBS issuance levels next year after slow 2014

Primary issuance of new European CMBS transaction is forecast to more than double on 2014’s disappointing €3.5bn in annual volumes, although the annual forecasts so far published fall short of 2013’s revival year. CoStar News has collated four annual European … Continue reading

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ECB’s AQR identifies €53bn of new real estate NPLs, taking European tally to €370bn

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The European Central Bank’s Asset Quality Review (AQRs) has identified a further €52.8bn in real estate non-performing loans (NPL) among the 130 participating banks, taking the total real estate NPLs as of the end of 2013 to €371.1bn. As part … Continue reading

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Bond yield compression drives European property value uplift

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European commercial property has improved in relative value over the last three months, driven by falls in bond yields in the wake of the European Central Bank’s confirmation that support will be extended to bond markets of troubled economies. DTZ … Continue reading

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