UK commercial real estate looking to cut debt
Pandemic is also forcing businesses to make structural shifts
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BRITISH commercial property companies are looking to reduce their debt and be flexible as the real estate market is predicted to take up to two years to recover from the economic downturn.
Reports by property consultant CBRE and agents Knight Frank and Cluttons state that the renewed restrictive lockdown in the UK, due to the coronavirus pandemic, has placed even more pressure on retail properties in the high streets.
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