The Canberra Times has a story on repercussions for the local property market with General Electric Real Estate forced to put its commercial property assets on the auction block.
This could also be a sign of things to come in the retail sector. GE’s finance division has run the credit for Harvey Norman which so many retailers have felt was pushing them out of the market.
If the mother ship is in enough distress to take a bath on commercial property it has so carefully collected in recent years how long can 18 months interest free continue?