Lenders sit on the sidelines in face of retail market woes

intu Trafford Centre

Source: Shutterstock/Smiltena

Deluge of CVAs hits lender appetite as owners that had been hoping to sell retail assets look to refinance instead.

In the wake of all the CVAs and administrations this year, lender appetite for financing all but the best-performing retail property has fallen away.

Rather than increasing their pricing to compensate for increased risk, many lenders are preferring to sit on the sidelines.

“Lenders are not ‘risk-reward pricing’ certain retail deals – they’re actually just saying ‘we don’t want to lend’,” said James Spencer-Jones, head of EMEA structured finance at Cushman & Wakefield.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article.

Sign up now for the following benefits:

  • Four FREE articles of your choice per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £6 per week.

Registered users and subscribers SIGN IN here to continue