He says the segment has seen a resurgence in popularity, with a number of high profile sale-leaseback deals including London's Liberty's department store and HSBC's Canary Wharf headquarters, and KarstadtQuelle's $5.8 billion German store portfolio. "The potential for growth in Europe is immense; the estimated value of European real estate assets still in the hands of corporates is thought to be around $2.9 trillion - 12 times the average annual European real estate investment turnover in the last five years.
He says in spite of the global economic downturn and the massive impact on European property, there is huge potential for growth and the future for European sale-leaseback is bright.
Allan Saundersonis a managing editor of Property Investor Europe and a contributor to GlobeSt.com.Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
