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Europe: Investors readying to pick second-tier property

Posted on 22 March 2013

Cannes, France: Real estate investors are venturing out from the safety of the best buildings in Europe to gamble on edgier properties in a sign of risk-taking creeping back into the market as the Eurozone crisis recedes.
Buildings that are partially or fully vacant, with short periods left on the lease or in need of a revamp, are in demand when they weren’t 12 months ago. “We are interested in slightly compromised real estate,” said Charles Weeks, chief executive of Cornerstone Europe, which has $37.3 billion (Dh137.18 billion) under management worldwide………………………………………..Full Article: Source


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