Q&A - Chris Gardner & Dr Nicole Lux

Going into 2024, what do astute lenders and developers need to know about the latest data from the Bayes CRE Lending Survey? Chris Gardner, CEO sat down with Dr Nicole Lux, Senior Research Fellow to review the latest data from the survey. They discussed the good opportunities available for developers who have well-structured equity and debt who can launch projects quickly and sell and let into the 2025/2026 market. They also looked at the ongoing transformation of the lending landscape, characterised by the retreat of banks and the emergence of other lenders. She highlights several themes in the latest data:

• Evidence of the ongoing transformation of the lending landscape since the GFC, characterised by the retreat of traditional banks, the emergence of other lenders, and most recently a marked increase in newly launched debt funds joining the survey

• A shift away from office and retail to residential and logistics, when it comes to lender priorities, and greater segmentation of property portfolios

• Macro forces affecting property, including the environmental agenda and decarbonisation, and cultural change eg demand for flexible work and online shopping

You can read the full interview here.