Banks dust off distressed City schemes
Phillips, Mike
Banks dust off distressed City schemes - 2010 - Property Week 76(45) 12 November 2010, 20-21 (2) .
Below the level of the new wave of high profile Square Mile developments renewed interest is emerging in the swathe of City distressed sites either in receivership or where banks have taken control from the original borrowers. With grade A office vacancies bottoming out in 2014/15 and rents likely to rise sharply lenders with distressed City schemes on their books are highlighting the potential of these sites. Examines the prospects of eight City distressed sites.
London
Banks dust off distressed City schemes - 2010 - Property Week 76(45) 12 November 2010, 20-21 (2) .
Below the level of the new wave of high profile Square Mile developments renewed interest is emerging in the swathe of City distressed sites either in receivership or where banks have taken control from the original borrowers. With grade A office vacancies bottoming out in 2014/15 and rents likely to rise sharply lenders with distressed City schemes on their books are highlighting the potential of these sites. Examines the prospects of eight City distressed sites.
London