Trading property debt

Whitmore, J.

Trading property debt - 1993 - CSW - The Property Week 43(7) 13 May 1993, 22-23(2) .

With the amount of outstanding debt to the UK property sector at £38bn according to Government statistics this article questions whether we might follow the US lead and set up a secondary market trading in distressed property debt. A few examples of this have already been seen in the UK, i.e. Wellington shopping centre in Aldershot.


BANK LENDING
PROPERTY DEBT
SHOPPING CENTRES