[AndyJackson]

The swamp is is really really wide.

[FreedomPoster]

Meh. Office buildings are struggling post-Covid. Lots of companies have greatly expanded their work from home programs and left them in place, and need much less office space as a result. This affect large commercial office leases significantly.

Here’s a US story on the same theme.

PIMCO’s Columbia Property Trust defaults on $1.7B of office loans
Mortgage tied to seven-building portfolio spanning NY, SF
https://therealdeal.com/national/2023/02/22/pimcos-columbia-property-trust-defaults-on-1-7b-of-office-loans/

There will be more.

[MeneMeneTekelUpharsin]

The swamp is is really really wide.

You got that right.