03.06.2009 - Equity-rich property concerns get richer
From WSJ: While the U.K.'s banks and real-estate investment trusts are struggling with plunging commercial-property values, a cluster of specialist funds and companies that have been raising cash to scoop up bargains are doing deals and raising more cash to prepare for bigger buyouts. Equity-rich buyers and those with good banking relationships are benefiting from rivals' woes, buying assets at prices below book value. Many of the buyers are small players and the deal values are small, however........Full Article (Subscription Required) : Source