23.06.2009 - Funds eye commercial property bargains
From Businessweek.com: Depressed commercial property prices have prompted a wave of interest in the market with up to 16 firms currently working on or readying plans to launch real estate funds. Blackstone (BX), the New York-listed financial services firm, heads the list with plans to raise around $2bn (£1.2bn) in Europe for a new Special Situations real estate fund.........Full Article: Source
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