Urban Logistics houses more debt as Hammerson battles under its own pile

Mike Turner

March 15, 2021 12:15 pm

Adobestock_shopping_mall_facemasks_575x375_Nov20 — Family wearing face mask in shopping mall in Asia. Mother and children wear facemask during coronavirus and flu outbreak in China. Virus and illness protection. Kids in masks in public crowded place. | Family Veldman/famveldman - stock.adobe.com

Urban Logistics, a UK Reit, has taken on a £48m debt facility on top of its bank revolving credit facility, as the property sector piles on new debt. But other companies are starting to show cracks. Retail Reit Hammerson issued grave warnings over its debt pile after posting a £1.7bn loss.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request a Free Trial or Login

Topics

Syndicated Loans Investment Grade Loans

MT

Mike Turner

Corporate Debt Editor