Shopping mall CMBS set for strong reception despite retail sector woes
CMBS issuers are set to flood the primary pipeline with new offerings, including single asset deals backed by retail properties, in a sign that investors have yet to cool to the sector despite a stream of negative headlines around bricks and mortar retail.
The US retail sector saw more casualties last week, with children’s clothing retailer Gymboree filing for bankruptcy on June 11, while department store chain Sears said it would close an additional 72 stores this year.
In early June, Ascena Retail also said it would close 250 stores while renegotiating
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