18.12.2008 - Mideast investment in Euro commercial real estate falls
From Arabianbusiness.com: Nick Axford, head of EMEA research in London at CBRE said the slump in the European commercial property market along with lower oil and equity prices has hit the spending power of wealthy Middle Eastern real estate investors and Sovereign Wealth Funds (SWFs), historically large buyers of commercial property overseas, especially in London. “Direct investment in European property from Middle Eastern investors and SWFs is likely to be lower in the short term than we had previously expected due to the on-going uncertainty in the European investment market, lower oil prices which has slowed the flow of money into SWFs, and falling share and bond prices, again reducing the size of assets owned by these funds,” he said..... Full Article: Source