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Europe: Property debt’s unlikely suitors

Posted on 31 May 2011

The European commercial real-estate market has a serious funding problem. Could the insurance industry be the one to solve it?
Insurers including Germany’s Allianz and U.K. insurer Legal & General are kick-starting lending programs, entering a market the industry effectively quit in the 1980s. With €24 billion ($34 billion) already committed to real-estate lending and potentially more to come, insurers could help ease the strain on banks……………………………………….Full Article: Source

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