Office values have fallen more than 30% in Paris and Berlin

Roiled by rising borrowing costs and falling valuations that wiped out $148 billion of shareholder value, European landlords are bracing for a new wave of pain. 

Property companies have about $165 billion of bonds maturing through 2026, while banks are reducing their exposure to the industry and credit costs are at their highest since the financial crisis. 

That’s left some of the firms at risk of being downgraded to junk status, making it even more expensive for them to borrow. 

Bloomberg 3 June 2023

A New Real Estate Wave of Pain Is Coming After $148 Billion European Rout - Bloomberg



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