Bank lending is about to get even trickier

The Basel III rules will make it even harder for banks to lend to property companies and investors. Click here to read more

Lloyds’ private equity sell-off

Lloyds Banking Group has completed the sale of a portfolio of 40 private equity investments, including Lambert Smith Hampton, in its Bank of Scotland Integrated Finance business to a new joint venture, Cavendish Square Partners. Click here to read more

GE Capital to shrink for safety

Property portfolio to be cut from $80bn to $40bn. GE Capital, the finance arm of General Electric Co, is aiming to cut its property portfolio by half, from $80bn to $40bn. Click here to read more

Recovery position: Stephen Herring

For a tax that is forecast only to have collected £2.5bn in 2009/10 – compared with £145bn from income tax – there continues to be heated debate about potential capital gains tax (CGT) changes. Click here to read more

CMBS loan extensions and defaults look set to continue

Standard & Poor’s report shows only two of nine loans repaid in full in April. Only two out of the nine loans in European CMBS (commercial mortgage-backed securities) transactions scheduled to mature in April were repaid in full, a report from rating agency Standard & Poor’s has found. Click here to read more

Forum’s Suisse role

Credit Suisse has agreed to spin off its European real estate loan book and the team that manages it to indirect real estate investment manager, Forum Partners. Click here to read more

Deleveraging starts as $2 trillion of loans mature

UBS report says further pressure on small-to-medium-sized banks and economic growth is inevitable Click here to read more

Banks in business

The annual De Montfort bank lending report shows that banks have opened their doors a crack — but investors must not become complacent Click here to read more

Pumphrey brings experience to Mayfair Capital

Mayfair Capital Investment Management has appointed Ned Pumphrey as investment director and head of transactions Click here to read more

Lloyds banks £150m in Murray International

Debt-for-equity swap eases pain after torrid 2009. Click here to read more

Financial view: John Plender

Housing market dynamics that defy the rules of past recessions. Click here to read more

Fund managers add their weight to returning confidence

The signs point to a slow-but-steady recovery for property this year. Click here to read more

Squarestone Brasil takes AIM

Squarestone Brasil became the first overseas property company to float on London’s AIM for nearly three years this week when it listed on Monday. Click here to read more

Resi best in class in 2009

Residential investment property outperformed all asset classes in 2009 with total returns of 11%. Click here to read more

West Immo makes €200m Fresh Start

German bank launches “top up” junior lending facility. Click here to read more

Lloyds recovery chief sets out plans on ‘TV’

Viewers of Property Week’s first live webcast hear Richard Dakin’s strategy for banking group. Click here to read more

In bank finance void, developers and institutions are starting to experiment

The rally in the real estate sector over the last nine months has confounded many expectations. Click here to read more

Bad property loans at RBS treble

Commercial property losses almost trebled last year as the Royal Bank of Scotland reported a full-year loss of £3.6bn for 2009. Click here to read more

Plenty of hurdles still for Lloyds

Banking group saddled with £24bn of bad loans but says worst is over. Click here to read more

Delancey scores banks hat-trick

Delancey buys Castlemore assets and manages ex-Modus mall so Royal Bank and Anglo Irish can recover loans. Click here to read more

North-west banks can ‘pick and choose’

North-west property bankers revealed the new tight terms on which they will work at the North West 2010 Conference organised by Property Week last Thursday. Click here to read more

Yield compression slows capital growth to 1%

Capital growth eased to 1% in January, down from the record 3% rise in December, shows Investment Property Databank’s latest UK Monthly Index. Click here to read more

Global property betters equities and bonds

Shares return 32.7% in 2009, and the US and Singapore lead the pack. Click here to read more

Retail investors go commercial again

An Investment Property Forum survey of independent financial advisers shows that 40% have increased their recommendations to private investors to invest in commercial property in the last three months. Click here to read more

Bank of China leads lenders for US real estate

Bank of China is emerging as one of the largest non-US banks investing in the troubled US commercial property sector, and its local bankers are scouring the market for new deals. Click here to read more

Hypo set to create biggest German ‘bad bank’

Hypo Real Estate, the German lender nationalised as a result of the financial crisis, plans to create what could be the country’s biggest 'bad bank', spinning off up to €210bn of assets in a step towards an anticipated return to private ownership. Click here to read more

All events are open to members. The events secretary will supply details and costs of each event. Booking is on a first come first serve basis. Those events that are open to non-members will be announced seperately. Members log in for more details.
July Young Property Bankers Summer Party Sponsored by BNP Paribas Real Estate. Please contact Paul Doctors (Paul.Doctors@bayernlb.co.uk) for more details.
September APB Annual Seminar
September 3rd Annual Investment Summit
October APB Golf, Spa and Networking Day
November Annual Fundraising Dinner

 

Andrew Goodbody
The APB President gives his regular overview of current issues affecting our members together with a round up of feedback from members.
Margot Waddup
Margot keeps us up to date on the APB’s events diary
Guest Blog
Simon Mead, partner in the Real Estate Finance team at Eversheds LLP, considers equity cure rights and the credit crisis

The Association of Property Bankers was founded in 1991 by a small group of UK property bankers.

It now has over 300 members from almost 60 different lending organisations.