PIE Events
- Nordics Property Breakfast
31 May 2012
Frankfurt am Main, Germany
Upcoming Events
- Property Debt Breakfast
20 June 2012
London
French retail SIIC Klépierre denies covenant breach risk
French shopping centre REIT Klépierre could be at risk of breaching the terms of its bank loans due to property depreciation and lack of liquidity because of new development commitments, according to investment bank JP Morgan. The company says however that cash is adequate. It has also announced a e1bn asset disposal program.