07.09.2010 - European real estate firms more reactive than strategic in capital budget decisions
From Europe-re.com: Many European listed property companies appear to be more reactive than strategic in their major capital budget decisions when acquiring investment properties and undertaking development projects and aren’t making full use of the sophisticated analytical tools available to them, the preliminary findings of the European Public Real Estate Association’s (EPRA) first Capital Structure Survey indicate. Colin Lizieri, Grosvenor Professor of Real Estate Finance at the UK’s Cambridge University and lead author of the survey said: “We certainly formed the impression of an industry reacting to market conditions, rather than using strategic planning, and one that is not making the best use of the analytical tools available to help it with crucial capital allocation decisions..............................................Full Article: Source
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