A growing number of banks are offering temporary waivers on breaches of loan-to-value covenants, according to Peter Kasch, managing partner of fund manager Catalyst Capital. 'They may ask for additional equity or fees, but most banks are fundamentally cooperative,' he said during an interview at Mipim, the annual real estate fair that got under way in Cannes on Tuesday.
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
