UK property owners in breach on EUR 230b of loans - report

By A staff reporter 2011-02-10T00:00:00

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of covenants on four out of every five loans, with £194 bn (EUR 230 bn) at risk, the Australian reported, quoting an unpublished report from the Bank of England.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 ...

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