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LONDON-As GlobeSt.com has reported in the past few weeks, Prudential has made major push into the UK, followed shortly by Wells Fargo. These stateside companies are realizing the commercial real estate business they can gain in the face of the banking meltdown, which sources are reporting is expected to increase as we move deeper into 2013.
Coming off a relatively flat year in terms of European acquisitions in general, the expectation is that buyers, in the words of Real Capital Analytics' European Capital Trends report, will continue to “feast on assets that are increasingly being unloaded by European banks.”
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John Salustri
John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
