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.Want to continue reading?
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