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Cushman’s Rufrano says Europe ripe for distressed-debt property investing

Posted on 10 November 2011

Europe, along with the Middle East and Africa, offers the most opportunities for distressed-debt investing amid a falloff in bank lending, according to panelists at the Bloomberg Commercial Real Estate Summit.
“The lack of debt has caused this market to be unequal to other markets,” Glenn Rufrano, president and chief executive officer at brokerage Cushman & Wakefield Inc., said at the conference in New York. In 2012, “in terms of distressed debt opportunities, it’s the EMEA,” he said………………………………………..Full Article: Source

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