Commercial Property News Archive for 23-May-2008

Banks get jitters over property lending (Financial Times)

UK banks have recoiled from commercial property lending, leaving investors in the sector facing record margins, demands for greater equity and rocketing arrangement fees.

City considers loans for building sprinklers (Rapid City Journal)

Rapid City is considering establishing a low-interest, revolving-loan fund to assist commercial property owners with the cost of adding sprinkler systems during remodel projects.

Businesses plan to sell holdings (Financial Times)

More businesses are planning to reduce their property holdings as a result of difficult credit conditions and the weakening economic outlook, according to a survey that offers little hope of a rapid recovery in commercial property.

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