Second CMBS 2.0 default points to struggling UK retail sector

By Tom Brown
20 May 2019

A post-crisis CMBS loan tied to a UK retail property has defaulted, only the second CMBS 2.0 default seen to date, pointing to continued weakness in the retail sector.

Last week was the busiest week of the year for European CMBS issuance since 2007, but a 2.0 era loan default distracted from the surge in activity that has been cheered as the comeback of the asset class in Europe.   

The Maroon Loan, collateralised in the 

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