German Debt Project

Transparency in Real Estate Lending

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News

US Debt Market Update

Simon Mallinson, Executive Managing Director EMEA & APAC of RCA, presented at our recent publication event in Frankfurt an update of the US debt market. A highly relevant topic in times when German lenders having an eye on international expansion. Besides a snapshot of the US Investment market, Simon presented an update on LTVS by … Continued

INREV: “The Rise of European Debt Funds”

Edgar Orlovskis of INREV presented at our recent event in Frankfurt an update on European debt funds. In his concluding remarks he stated five key points: 1) Managers are growing their AUM; 2) Debt funds are growing in importance; 3) AuM allocation to debt funds have risen; 4) Post crisis sees an increase in debt … Continued

Some 150 participants in Frankfurt and Berlin / press release

International comparisons lead to even more insight: At our Event “German Debt Project 2018 in an international research context” we could welcome a good mix of high-profile speakers from our sponsors (see logos of sponsors on the start page) as well as Prof. Dr. Rick Peiser from Harvard and Dr. Nicole Lux from Cass Business … Continued

June 28 in Berlin: Presentation of the German Debt Project 2018 at the “vdp-Immobilienforum”

It has almost become a tradition. We present the IREBS German Debt Project at this exciting vdp event. The association is a strong supporter of this transparency project.

June 27 in Frankfurt: German Debt Project in an international research context

The International Real Estate Business School (IRE|BS) of the University of Regensburg, in association with renowned sponsors, will be devoting a full day of research presentations. The aim will be to explore the financing of commercial real estate in Germany compared with selected international markets. There will be adresses to national and international project sponsors and we … Continued

more news

“There is no indication in this data of there being any credit-fuelled property bubble.”

Dr. Rabe, MD at ZIA

“At the same time, the challenges arising from regulatory measures and digitisation are becoming ever greater; and it is early days for alternative sources at least.”

Achim Reif, vdp

“We have supported the IRE|BS survey as transparency in the German CRE lending market is extremely important for a better understanding of the real estate investment market of one of Europe’s major economies and helps investors understand wider systematic risks”

Simon Mallinson, MD at Real Capital Analytics.

„The IRE|BS survey covers important questions regarding the German CRE lending market which have not yet been covered.”

Jens Tolckmitt and Achim Reif of the Association of German Pfandbrief Banks

„There is a need for a better understanding of the commercial real estate lending market, because real estate finance can have a decisive impact on the property market and on the economic development as a whole.”

Prof. Dr. Tobias Just, IRE|BS

“The IREBS study is an important indicator of current financial stability surrounding real estate finance. The finance market for commercial real estate is extremely robust, which is reflected in the modest growth in lending. The banks have only extended the LTV ratio slightly and are dealing with risks in a responsible manner. The real estate sector currently does not pose any threat to the finance market.”

Jan Bettink, Vice-President of the Zentraler Immobilien Ausschuss (ZIA), Chairman of the Board of Management of Berlin Hyp AG and President of the vdp.

THE AIM OF THE GERMAN DEBT PROJECT

There is a need for a better understanding of the commercial real estate lending market because real estate finance can have a decisive impact on the property market and on the economic development as a whole.

The aim of this study is to put all market participants in a position to gain a better understanding of the opportunities and risks connected with the German commercial real estate lending market.

THE IDEA OF THE GERMAN DEBT PROJECT (available only in German)

Reports

GERMAN DEBT PROJECT
The authors Markus Hesse and Prof. Dr. Tobias Just of IRE|BS published the fourth issue of the GERMAN DEBT PROJECT. The report provides detailed data on the market for German commercial real estate lending. It covers the 2010 to 2017 market structures, margins and LTVs as well as maturity profiles and originations. Furthermore, it provides an outlook for the full years 2018.
Information and acquisition
COVERAGE OF GERMAN CRE LENDERS
Markus Hesse and Prof. Dr. Tobias Just of IRE|BS will in due course publish research on the basis of the relevant German lenders‘ half- and full-year reporting. This will be complementary research to the GERMAN DEBT REPORT. The research will be published on a regular basis in separate reports.
Information
SNAPSHOT OF CORPORATE CRE COVERAGE
On this website, the authors Hesse and Just will also publish snapshots of their separate coverage of German and European real estate corporates. The coverage will have a focus on the corporate cash flow and leverage performance.
Information
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Project Leadership

Markus Hesse

MBA, CEFA

Project head

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Scientific Leader

Prof. Dr. Tobias Just

Scientific Head and Managing Director

of IRE|BS Immobilienakademie