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US property companies look to Europe

Posted on 12 October 2012

The largest US property companies are cashing in on the troubles of their European rivals with a 3.5 billion euro spending spree that marks a rare bout of transatlantic real estate investment.
US real estate groups’ spending in the first nine months of 2012 represented a near five-fold increase on the total recorded for the whole of last year. It comes as Europe’s listed property companies battle to boost their share prices amid concerns about the impact of the eurozone crisis on property values………………………………………..Full Article: Source

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