Financial Times FT.com

Contagion spreading to commercial property

By Jim Pickard

Published: August 12 2007 20:33 | Last updated: August 12 2007 20:33

The property industry is renowned for its “interesting” characters; the sharp-suited dealers with big egos.

But the people really pulling the strings are rather less flamboyant. They are the bankers providing debt without which even the richest tycoons would struggle to make big commercial property purchases.

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