UK CMBS market not pinning hopes on government support

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By Tom Brown
22 Apr 2020

British retail lobbying groups are clamouring for government support as tenants struggle to cover rent in the month since the lockdown began. But market players say help for the sector is unlikely, and CMBS is preparing for widespread delinquencies as the shutdown extends.

In the weeks following the UK's shutdown, an ABS investor said he received a message from a local landlord in Greenwich. A video enclosed showed the landlord pouring a full keg of ale down a cellar drain. 

“I’ve got 10 more behind me,” said the next message, along with ...

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