Regulations contained in the new Basel III requirements introduced on 12 September could stifle capacity for new property loans, according to law firm Paul Hastings. Under measures to improve banks' liquidity coverage ratios, Basel III penalizes institutions for securitizing loans, encouraging them to lend through the more secure covered bond market instead.
Private real estate holding Global Holdings Group has acquired mixed-use asset 10 Great Pulteney Street from fashion retailer Boohoo.
