Commercial property owners and developers in Britain are in breach of covenants on four out of every five loans, with £194 bn (EUR 230 bn) at risk, the Australian reported, quoting an unpublished report from the Bank of England. Lenders with £243 bn outstanding to commercial property companies are still heavily exposed to bad loans and could take heavy losses in the coming years.
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
