European commercial real estate debt markets experienced volatile and challenging environments over the last 2 years, due to the global disruption caused by Covid-19, recovering towards the end of 2021, as deal volumes and fundraising approached pre-Covid levels.
However, the conflict between Russia and Ukraine has plunged markets into uncertainty again, with higher commodity and energy prices resulting in lower business and consumer confidence.
Whilst this backdrop can create a challenging environment for investors, we believe there are also opportunities to capture both higher margins and a greater market share. This paper aims to outline these convictions and explore the opportunities available for commercial real estate debt investors.
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