Lauren Parr

Lauren Parr is news editor at Real Estate Capital, a London-based publication that covers property finance throughout Europe.

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The art of securing development finance in today’s market is to “think like a banker.” At least, that is how one prominent European lender sees it. “Don’t make margins your priority focus,” says Peter Denton, head of the London branch for German bank Westdeutsche ImmobilienBank. Read what advice Denton and others have for developers who are trying to improve their chances of securing development finance in Europe.
A back-to-basics approach is the most sensible route for investors to take in the current climate, says Glenn Rufrano, president and chief executive officer of property consultant Cushman & Wakefield. Speaking from experience, New York–based Rufrano warns investors against overleveraging, as well as “betting the ranch,” as Lehman Brothers did. Read Rufrano’s advice about going back to basics.
In response to the financial crisis that pushed several institutions to the verge of collapse, new rules have been drawn up by global financial regulators to improve banks’ stability and prevent a re-run of the downturn. Under the conditions of Basel III, banks must more than triple the amount of capital they hold in order to be able to survive future shocks. Read about which investments will likely become less viable prospects for banks under Basel III.
The ULI Europe Trends Conference gave the 263 people attending a forum at which to explore political and economic trends that will shape property markets this year and beyond. Read what ULI members’ see coming and learn commonsense lessons from the opening keynote, “The Future of the Property Industry,” by Glenn Rufrano, president and CEO of Cushman & Wakefield.
The winners of this year’s ULI Awards for Excellence: Europe, Middle East, and Africa (EMEA) competition share a common element: each is an innovative example of land use that significantly enriches its environment. Yet, it is the contribution of a host of factors that combines to entitle them to the prize, widely recognized as ranking among the land use industry’s most prestigious.
Equity-rich sovereign wealth funds (SWFs) are one of the few investors in a position to take advantage of real estate opportunities presented by the global financial downturn. Who has, and where have they, been cherry-picking the best deals?
Though London’s economy has been hit hard by the global recession, the city stands firm alongside New York City and Tokyo as one of three global financial centers and remains unrivaled as the business capital of Europe.
Yields are stabilizing in certain european office markets, but investor caution continues, particularly in eastern europe.
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