Manchester's problem property loans valued at £1.4bn
14th June 2012
MANCHESTER'S commercial property market is likely to witness a further deterioration in value as a wave of existing debt falls due for refinancing, according to a new report published by pro.Manchester chief executive John Ashcroft.Mr Ashcroft's report, which has been published independently of pro.Manchester, estimates that the major lenders have around £6.4bn worth of commercial real estate loans outstanding in the Greater Manchester area, and that around £700m of these could currently be in default. A further &pou......for the full story register now for free or login below...
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