EQT Real Estate II closes at EUR 1bn hard cap

  • EQT Real Estate II surpasses its target size of EUR 750 million by 33 percent following strong support from both new and existing international blue-chip investors

  • EQT Real Estate II follows a thematic investment approach focusing on high-conviction, value-add investment opportunities primarily in the logistics and residential real estate sectors

  • The Fund benefits from EQT Real Estate’s “local with locals” approach with 25 professionals based in EQT’s offices in London, Stockholm, Madrid, Milan and Paris

STOCKHOLM, Oct. 5, 2020 /PRNewswire/ — EQT is pleased to announce that the EQT Real Estate II fund (the “Fund”) has held its final close at its hard cap of EUR 1 billion in fee-paying assets under management. Demand from both existing and new investors was robust, with commitments into the Fund coming from a diversified group of investors across Europe, the Nordics, Asia, North America and the Middle

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Commercial Mortgages: Commercial real estate is one of the industries taking a hard hit from the pandemic | Business News

About 25% of CMBS loans backed by hotel properties in the nation’s top 50 metropolitan statistical areas were delinquent at the end of September, according to data from Trepp LLC, a leading provider of data and analytics to the commercial real estate industry.

For instance, 66.56% of the hotel loan balances in the Portland, Ore., region were delinquent. In Nashville, Tenn., it was 48.80%.

In the Richmond region, 27.01% of the hotel loan balances were delinquent.

Using the same data for commercial mortgage- backed securities loans backed by retail properties, the overall delinquency rate is 13.66% in the Top 50 regions.

The worst market is Minneapolis, where 67.28% of the retail loan balances are delinquent due in no small part to the Mall of America and its $1.4 billion loan balance being delinquent.

The Hampton Roads market is in the Top 10 with a 27.65% delinquency.

The Richmond area fares

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Spain says ‘tough weeks’ ahead as Madrid hit hard by virus

MADRID – Health authorities warned Madrid residents Thursday to brace for tough weeks ahead as a sustained coronavirus spread that is hitting the Spanish capital hard brought the country’s total infections over the 700,000 mark.

With over 10,600 new infections confirmed on Thursday, in line with the average for the past week, Spain’s total tally reached 704,209. There were also 84 new confirmed fatalities, raising the overall death toll to 31,118.

Because of limited testing, among other factors, the figures don’t capture the true extent of the pandemic.

The extended region around Madrid, comprising a population of 6.6 million, is struggling to control outbreaks that have hit harder in high-density working-class areas.

“Tough weeks are coming for Madrid,” Health Minister Salvador Illa told a press conference. “We have to act with determination to bring the pandemic under control.“

The region’s government is set to announce Friday new restrictions in the

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Home prices could fall 7 per cent in 2021, hitting Prairies hard: Moody’s forecast

a close up of a street sign in front of a building

© Provided by The Canadian Press

TORONTO — Home prices across Canada could tumble about seven per cent in 2021, as unemployment dampens the hot real estate market, according to a forecast by Moody’s Analytics, Inc. 

There is a “dangerous” oversupply of new, single-family homes in Calgary and Edmonton, on top of affordability issues in Vancouver and Toronto, the financial intelligence company said in a report this week.

“The housing market will no longer be able to escape the poor condition of the labor market,” said the report, which used data from a Brookfield Asset Management Inc. subsidiary, RPS Real Property Solutions Inc.

“Not even lower interest rates will be enough to save the housing market.”

Moody’s report did not go into detail on how it created the forecasts, but said that its 2021 home price index also calls for a 6.7 per cent decrease for single-family homes and a

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