16.09.2011 - Investor retreat from CEE real estate a 'mistake', says S-Immo
Western investors are mistaken in withdrawing from "resilient" Central and Eastern European (CEE) markets, according to Austrian property company S-Immo despite a freeze on some of its development projects as it awaits an economic recovery. In a bullish defence of its eastward-looking strategy, board member Holger Schmidtmayr told journalists this week that the company would hold existing assets and increase its investment in Bucharest..............................................Full Article: Source
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