Record footfall and high occupancy across the estate’s retail and leisure is expected to help its owner tap up secured lenders.
Lenders will have ‘no choice’ but to enforce if these conversations do not start soon, according to restructuring specialists at accountancy PwC.
The Toronto-based firm has attracted $4bn in commitments from more than 50 investors for Brookfield Real Estate Finance Fund VI, twice as much as the second-biggest debt fund.
CRE sustainability initiatives protect lenders against risk while helping to reduce the environmental impacts of commercial buildings.