Reports warn of big problems for U.K. commercial property

Two reports on Britain's commercial real estate market warned of daunting challenges as $470 billion of debt secured by commercial property comes due before the end of 2012. With about 27% of the loans secured by poor-quality real estate, about a third of the total debt is likely to become delinquent, CB Richard Ellis said. The asset manager Schroders said 2010 is shaping up to be a very volatile year for commercial property. The sector will be confronted by economic uncertainty and maturing debt issues, the company said.

View Full Article in:

Wall Street Journal (tiered subscription model), The · Reuters

Published in Brief: