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.
Qube Global Software wins Industry Supplier of the Year Award for 2nd consecutive year | 2 December 2016
Qube Global Software won Industry Supplier of the Year at the News on the Block Property Management Awards for the second year running.
We have partnered with the Facilities Show to host an exclusive webinar on the relationship between facility, property and estate managers and their service providers and contractors.
We are delighted to announce that Qube Global Software has been shortlisted in the Industry Supplier of the Year category at the Property Management Awards 2016, hosted by News on the Block.