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Trading property debt

By: Contributor(s): Language: English Series: CSW - The Property Week ; 43(7) 13 May 1993, 22-23(2)Publication details: 1993Subject(s): Summary: 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.

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.