Term Sheet: A cautious welcome for the UK’s rate cut; a €615m Italian refinancing; Walker & Dunlop’s London hire

Real estate borrowers have greeted the Bank of England’s interest rate cut with a measured welcome; Italian REIT IGD replaces bonds and loans in a major refinancing; US advisory Walker & Dunlop pushes into the UK market with a key hire; and more in today's briefing, exclusively for our valued subscribers.