Commercial Mortgage Securities Association-Europe has created an investors forum to provide CMBS investors with an opportunity to engage in an open dialogue about topics related to commercial real estate securitizations.
The investors-only forum aims to raise awareness and encourage participation in discussions on European CMBS products. It will be co-chaired by John Deacon, head of debt principal finance at UBS, as well as Ulla Fetzer and Petra Schaar who are both from the credit portfolio management team at HSH Nordbank.
An investors forum conference call scheduled for later this spring will kick off this new initiative for all interested investors to know the focus of initial discussions. Fetzer said that the forum discussion would provide the European market with an opportunity to resolve issues that challenge the CMBS market, thereby enhancing the market's growth and stability.
Just like the U.S.
The CMSA has already set up a similar investors forum in the U.S. This has addressed issues in the U.S. market, including the improvement in reporting standards and investor education, said CMSA-Europe Director Carol Wilkie. She believes the benefits will be similar in Europe. "Fueling a dialogue among investors will help the growing commercial real estate debt securitization market in Europe as it continues to evolve," she said.
Wilkie said that CMSA-Europe is also looking to expand the Investor Reporting Package (CMSA-IRP), initially launched in the U.K. in October 2005, to cover additional European jurisdictions. In the U.K., the CMSA-IRP provides relevant data on which investors can continuously gauge the value of their investment. These standard reporting formats are essential to supporting the continued growth and liquidity of the U.K.CMBS market and other European regions.
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