Lenders are begging to return to the commercial property market, but some firms without equity look like they will continue to struggle.
Commercial mortgage lenders are beginning to return to the
property investment market, it has been claimed.
However, not all
commercial development firms will see the benefit and will remain excluded from the more expensive and selective credit, leaving companies with weak capital facing an uncertain future.
These are the views of the head of British Land Chris Grigg, who was speaking at the Reuters Global Real Estate and Infrastructure Summit on Monday.
He told the gathered audience: "The larger companies will be OK ... we will tend to see the market concentrate on those guys.
"But other companies will have to be more equity financed than before. I don't think that is a surprise, nor do I think that is a bad thing."
Last week, the UK head of valuation at real estate agent Savills William Newsom warned property advisors at the Financing Property presentation that banks looking to unwind swaps for dangerous property investments could face extra charges of £15 billion.
Posted by Hadji Singh.
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