As banks and hedge funds increasingly seek new ways to shore up balance sheets in the wake of the credit squeeze, property derivatives have emerged as a lucrative way of bolstering returns.
In the UK, which has the most developed market in the world, commercial property derivatives are expected to see volumes rise to £8.5bn - [...]

The deal involves the funding of a portfolio of 10 UK properties, including Centre Point, the iconic, 32-storey tower in London’s West End, and Baskerville House, a 195,007 sq ft office building in the convention quarter of Birmingham.
Funding
The finance package has been provided by the Bank of Scotland’s Manchester-based team, which has been working closely [...]