Office landlords in Europe are facing a £34bn cash crunch, economists have warned.
High interest rates and a slump in office values mean Europe’s commercial real estate sector will be hit by a funding shortfall between 2023 and 2026, according to S&P Global Ratings.
Analysts have predicted that office landlords will receive £34bn less from banks over the next three-year period, compared to the amount received by the sector between 2018 and 2021.
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Including:
Mitsubishi Estates and Co-Re appoint Savills to help lease the development’s office space
Decision deferred on former National Institute of Agricultural Botany revamp
Developer has taken 10 storeys off proposals since first filing
Colliers appointed to lease 50,000 sq ft of office space in the Salford Quays development
