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Union sees German commercial property resilience

Posted on 25 June 2009

From Reuters: Real estate fund manager Union Investment Real Estate AG is steering clear of most emerging markets, except for Latin America, and believes the German commercial property price correction has largely petered out.

“There is enough money underpinning the German property market which will help to hold prices, at least for the good quality properties,” its management board Chairman, Reinhard Kutscher, told the Reuters Global Real Estate Summit by phone…….Full Article: Source


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