-- Daniel O’Leary
A major West End of London property sale is being tipped as a yardstick to gauge the health of commercial mortgage securitizations backed with similar collateral. Derwent London, a specialist U.K. property investment trust, scooped up two properties with an average rent of £34 ($53) per sq ft, or a net yield of 5.5%.
The sale is key for CMBS because the market has been plagued by illiquidity ....