Information Management Network recently hosted its third European CMBS conference in London. With 600 delegates in attendance, the gathering served as a testament to the growth of the European CMBS sector.
Most telling of how the market has matured has been the sector's pricing resiliency despite the ongoing U.S. subprime turmoil. "The bid remains strong," noted Ganesh Rajendra, managing director and head of securitization research at Deutsche Bank and moderator of the opening panel. "The structure shows strong spreads, and it is amazing to see this in light of the current market situation."