| Moody’s downgrade of the UK last month is unlikely to dent the ‘wall of capital’ available for UK property, Graham Barnes, a senior director in CBRE’s corporate and development finance team in London, has told PropertyEU.
‘I don’t think that the effect will be dramatic because of the wall of capital out there,’ he said. ‘The potential downgrade had been telegraphed for a while, although it did come earlier than expected. The deal cycle is too long to know precisely what the effect will be but if you look at France, it hasn’t ceased to be on the investment radar since it was downgraded.’..............................................Full Article: Source
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