Commercial property companies, banks and investors must look to broader restructuring and refinancing solutions, says Close Brothers, a European corporate finance adviser. The group is urging banks and investors in the UK property sector to devise alternative financing solutions in the face of a potential £140 bn (EUR 155 bn) price fall and a £125 bn debt refinancing bill over the next four years.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
