Commerzbank's decision to pull the plug on commercial real estate lending, announced on Tuesday, has not come as a surprise to many analysts, who say it has 'always been short of equity'. 'In addition, there is also an 'accounting trick' if you wind a business down like this; it helps reduce earnings volatility,' one Frankfurt-based analyst, who asked not to be identified, told PropertyEU.
Private real estate holding Global Holdings Group has acquired mixed-use asset 10 Great Pulteney Street from fashion retailer Boohoo.
