Financial partnerships are becoming increasingly important for developers as they struggle to realise development schemes amid tough financial and economic conditions, according to real estate adviser Savills. The firm notes that credits are often granted on condition a development is at least 50% pre-let and the developer provides sufficient equity, a major challenge for many medium-sized and small developers.
Ares, Coima and MEAG are three investors which have closed multiple acquisitions in the last few weeks.
