Real Estate Finance
Confidence is returning to both lenders and borrowers in Europe's real estate markets, despite the ever-increasing regulatory burden market participants are having to accommodate.
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Summaries of our 2017 London REF and Munich REF Conferences, including the annual REF survey results; briefing on the legal implications of REF NPLs; the LMA's submission to BEIS regarding a register of beneficial ownership; recent documentation updates; and legal and regulatory news.
Click here to view the February updates to the REF documents.
LMA responds to BEIS call for evidence on a register of beneficial owners of overseas companies that own UK property
We have responded to the UK Department for Business, Energy and Industrial Strategy's (BEIS) call for evidence on a register of beneficial owners of overseas companies and other legal entities that own or buy UK property (the "Register"). The call for evidence sets out BEIS's plans to create a register of beneficial ownership in order to ensure that the UK remains an open and transparent place to do business when investing in the UK property sector.
We spoke to Neil Blake, Head of UK and EMEA Research at CBRE, following our 2017 London REF Conference in May. Neil spoke about some of the key trends impacting the real estate finance market, and what to look out for going forward.
LMA publishes revised English law investment grade primary documentation and updates its suite of facility agreements
The LMA is pleased to announce the publication of revised forms of its English law investment grade primary documentation; the changes have been incorporated across the suite of documentation, including the Real Estate Finance documentation. The amendments take account of changes made to the LMA's leveraged documentation in November 2016. The documents have also been amended to incorporate increase lender mechanics, expansion of the Agent's Spot Rate of Exchange, updates to the definition of Federal Funds Rate, and expansion of all Lender matters to cover a change in currency of payment.