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Debt Maturities

All articles tagged with #debt maturities

real-estate2 years ago

"Commercial Real Estate Market Sees Massive Discounts and Recovery in Late 2024"

The global commercial-property market is showing signs of recovery as more buyers and sellers are finding opportunities to transact, following a period of uncertainty in 2023. Jones Lang LaSalle Inc. reports a 16% increase in the average number of bids per deal in November 2023 compared to the end of 2022, with more clarity around values and a pressing need to address looming debt maturities expected to drive increased activity in the office real estate market.

via Bloomberg|
#commercial-property-market#deals#debt-maturities
business2 years ago

Country Garden's Onshore Bond Extensions Face Critical Test Amid China's Real Estate Slump

Chinese developer Country Garden is facing a crucial round of voting by creditors to extend the maturities of eight onshore bonds by three years, as the company grapples with liquidity pressure amid a slump in sales. The voting comes after Country Garden narrowly avoided defaulting on its debt twice this month. The developer, which has not yet defaulted on its debt obligations, faces 108.7 billion yuan ($14.9 billion) of debts due within a year, while its cash level stands at around 101.1 billion yuan. A default by Country Garden could worsen China's real estate crisis and strain its banking system, potentially impacting the overall economy.

via Reuters|
#bond-extensions#business#chinese-property-sector
business2 years ago

The Looming Crisis in Commercial Real Estate

The commercial real estate sector could face a crash similar to the 2008 crisis, warns Patrick Carroll, CEO of real estate investment firm Carroll. The sector is largely financed by small- to mid-sized regional lenders, and $1.5 trillion in debt will soon mature. While some areas of commercial real estate, such as multifamily housing, could stay intact, Carroll predicted areas like offices and hotels would be "destroyed." Morgan Stanley has warned that commercial estate prices could plunge 40% as tighter financial conditions weigh on the sector.

via Markets Insider|
#banking-crisis#business#commercial-real-estate