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Lenders becoming increasingly keen to invest in Dutch commercial property | 31 October 2013

Lenders are becoming far more willing to help fund Dutch commercial property projects, as the nation begins to show signs of recovery.

Wsj.com reports that a healthy amount of non-bank lenders have moved to fill the gaps left by the nationalisation of SNS Reaal, ABN Amro and Fortis NV during the economic downturn.

It’s believed that they are attracted to the improved yields currently offered in Amsterdam and other second-tier markets. After all, yields in Rotterdam, the Hague and Utrecht are reportedly approaching ten per cent.

It has also been suggested that lenders and investors now see The Netherlands as lower-risk market than those in the likes of Spain and Italy.

Pricoa Mortgage Capital Co. is amongst the major lenders to have put huge amounts of money into Dutch property, having recently upped its investment to around 365 million euros. Meanwhile, Starwood European Real Estate Finance Ltd. has been tipped to lend hundreds of millions of euros into Dutch commercial property in the near future.

Bloomberg.com reports that the Dutch government is looking to establish a company that will buy the highest-rated securitised mortgages from lenders, in a bid to reduce their reliance on capital markets for funding.

It is hoped that this will lure even more lenders and mortgage providers to put money into the country’s property market.

The views expressed in this post are those of the author and are not necessarily those of Qube Global Software. All facts are verified where possible directly by the author.

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