After the October 2013 publication of its draft recommendations for A Vision for Real Estate Finance in the UK by the Real Estate Finance Group, CREFC Europe formed a working group chaired by Mark Nichol, Bank of America Merrill Lynch, to prepare a Response to A Vision for REF in the UK.
In May 2014, the Real Estate Finance Group published its final report and the project is now being taken forward under the umbrella of the Debt Group of the UK’s Property Industry Alliance. CREFC Europe is part of the PIA and is involved in that process, so our voice will be heard.
We plan to bring together interested CREFC Europe members on an ad hoc basis, at this stage, to ensure that our membership is aware of developments and that the range of views on the debt side of the industry can be organised and fed into the PIA Debt Group as appropriate. Existing groups may also have a role to play, such as the E-IRP Committee in relation to the proposal for a comprehensive CRE loan database in the UK.
Peter Cosmetatos was a member of the Real Estate Finance Group and the main author of its final report on behalf of that group. If you would like to know more about the Vision project or to be involved in influencing how particular recommendations are taken forward, please contact Peter on +44 20 3651 5696 or firstname.lastname@example.org.