Banks are taking a tougher line with commercial property investors and could foreclose on underperforming loans in the sector, according to Drivers Jonas.
More than £3bn of rent has been lost by property investors since the start of lockdown, according to Remit Consulting, in a situation which it said is unlikely to improve in the final quarter of the year.
PRS REIT has announced the approval of an additional £50m of development debt facilities with Barclays bank, taking its total to £450m.
Office centre provider Pure Offices has taken 33,000 sq ft at a newly refurbished space in Edinburgh Park.
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