FTSE
I was in London at the end of last week for a series of meetings and was thrilled to read on Friday in a Financial Times article that real estate was the week's best performing industry group on the London FTSE stock exchange. Yankee-owned Simon Property Group was the catalyst for the run-up when they announced the $2-billion acquisition of a controlling stake in Klepierre, the owner of 300 shopping centers and offices across Europe. The good news about this transaction was reinforced by a JP Morgan analyst report that UK and European property companies remain undervalued. Music to my ears as the slow-but-sure real estate recovery emerges globally. As for David Simon, thanks for your diversification efforts . . . and good luck!
Tony LoPinto is the Global Sector Leader of Korn/Ferry International's Real Estate Practice and founder of SelectLeaders. The views expressed in this article are the author’s own.
Job OpportunitiesCITY OF BOISE
Planning & Development Services Director
(BOISE, ID) The director will manage an an
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.
