The introduction of the 'slotting' regime in the UK will force further de-leveraging of banks’ property loan books, according to a study by IPD. The result will be more forced property sales that will further depress the property market, thus creating a vicious cycle of further losses in loans secured by commercial property.
Private real estate holding Global Holdings Group has acquired mixed-use asset 10 Great Pulteney Street from fashion retailer Boohoo.
