09.06.2011 - UK commercial property debt GBP100bln higher than thought -Savills
The U.K. commercial property market is carrying around GBP350 billion of debt, property consultants Savills PLC (SVS.LN) said Wednesday, adding that this figure is around GBP100 billion more than was previously estimated by industry experts. The company revealed at its annual financing conference that only 25% of the sector's debt is allocated to prime assets, suggesting more than GBP250 billion is secured against secondary and tertiary property...............................................Full Article: Source
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