31.05.2011 - Europe: Property debt's unlikely suitors
The European commercial real-estate market has a serious funding problem. Could the insurance industry be the one to solve it? Insurers including Germany's Allianz and U.K. insurer Legal & General are kick-starting lending programs, entering a market the industry effectively quit in the 1980s. With 24 billion ($34 billion) already committed to real-estate lending and potentially more to come, insurers could help ease the strain on banks..............................................Full Article: Source
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