Sun, Nov 23, 2014
A A A
Welcome hendrik.absolut
RSS

Real Estate Briefing - Categorized | Finance, Market Moves more

Scottish property market expects fallout from HBOS takeover

Posted on 06 October 2008

From Propertywire.com: The takeover of HBOS by Lloyds TSB could lead to distressed properties coming onto the property market in Scotland and hit builders who are funded by the bank.

According to one property analyst HBOS has given both debt and equity support to commercial property firms and clients and was generally reluctant to take action against borrowers who breached their banking covenants with lenders. But David Davidson, a partner at Cushman & Wakefield, warns that the new owners may not be so amenable. ‘HBOS has equity stakes in high-profile companies, such as Miller and Cala. There are almost no property companies without exposure to the bank. …. Full Article: Source


 Article link

This post was written by:

Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


Contact the author

Comments are closed.

banner
November 2014
M T W T F S S
« May    
 12
3456789
10111213141516
17181920212223
24252627282930