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31 May 2012
Frankfurt am Main, Germany
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20 June 2012
London
Ten German banks among 23 UK lenders over £20m
German banks comprise 10 of the 23 lenders providing external finance for deals over £20m in size to UK commercial or residential property in the second half of this year, says international realtor Savills. The list, taken from a database of over 100 lenders, indicates property lending is growing now, following a low point in in 1H09. "Major names have stated strong ambitions to lend following pricing corrections and a reduced cost of funding," said Savills UK head of valuation William Newsom. "In March, we weren't aware of any banks prepared to lend above £100m on their own, but today perhaps half a dozen are prepared to do so."