Managed by CBRE

Andrew Antoniades reviews the availability, challenges and opportunities for the UK’s development finance market against the twin pressures of Covid-19 and being late in the economic cycle.

Development debt will be harder to find and more costly for most, and some asset classes will be able to attract more than others, but it is there for those who know where to look.

It feels we are at a crossroads with real estate development finance, where a perfect storm of factors is coming into play: new lending becoming scarcer, end of cycle market forces compounded by Covid-19, set against a movement towards Impact Funding that supports development.