commercial property sector

Spanish shopping centres

Merlin sells two shopping centres to Hungarian fund Indotek for undisclosed sum

CdM| The Hungarian real estate fund Indotek Group has acquired two shopping centres, one located in Valencia and the other in Barcelona, from Merlin Properties Socimi, without disclosing the amount of the transaction. In a statement, the fund has detailed that, with this transaction, it seeks to consolidate its presence in the country and substantially increase the surface area of its commercial assets in the Iberian Peninsula, where it already…


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UK banks could face £100-billion bill in commercial property debt

LONDON | Debt held against UK commercial property fell last year from £228.1 billion to £212.3 billion, a drop of 6.8%, the largest British property lending survey revealed Friday. Yet the UK Commercial Property Lending Market report by De Montfort University found that while the overall level of debt is on a downward trajectory and progress has been made in dealing with the distressed legacy debt, there is a long way…