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Spanish secondary assets may hit double-digit yields

Posted on 19 March 2012

Yields for some secondary commercial properties in Spain have hit double-digit figures due to the complete lack of financing for this type of product, Roger Cooke, head of Cushman & Wakefield in Spain, told PropertyEU.
‘Secondary properties are trading at yields of 7 to 8% in transactions involving any form of debt, but we have also started to see some secondary assets needing to be priced at double-digit yields in order to trade where deals have to be done entirely with equity………………………………………..Full Article: Source


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