31.03.2010 - Europe: Commercial property faces GBP103bln funding hole

From Telegraph: There is a €115bn (£103bn) shortfall in the funds needed to refinance European commercial property debt over the next two years, a report has warned. The gap means the industry faces an increasing number of debt-for-equity swaps, asset sales by banks, and foreclosures, property agent DTZ says.....................................Full Article: Source

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