TITLE

UK companies unlock wealth from their bricks and mortar

AUTHOR(S)
O'Connor, Joanne
PUB. DATE
February 2005
SOURCE
Lawyer;2/28/2005, Vol. 19 Issue 8, p9
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article presents information related to the world of real estate in Great Britain. Real estate securitisation and sale-and-leaseback transactions are revolutionizing the market, with the U.S. banks being the driving force behind the changes. Property rich companies in Great Britain are increasingly using securitisation as a relatively cheap way to unlock capital from their property portfolios. Whereas at one time property companies were limited to borrowing by corporate covenants or secured debt, property rich businesses are now busy trying to realize Cinven, CVC and Permira looking to acquire a property rich target are increasingly looking to leverage by way of an internal sale-and-leaseback.
ACCESSION #
16510509

 

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