CMBS Issuers Should Consider Bolstering War Chests as Amazon Closes UK Warehouses

Amazon has announced it will close three UK warehouses employing 1,200 staff. This provides another datapoint for weakness in logistics property demand – after very strong demand from e-commerce retailers during the pandemic.

It is a good time for CMBS issuers to consider bringing forward upcoming funding requirements – as there is a risk that market perception continues to worsen as more such news is announced.