22.03.2013 - Europe: Investors readying to pick second-tier property
Cannes, France: Real estate investors are venturing out from the safety of the best buildings in Europe to gamble on edgier properties in a sign of risk-taking creeping back into the market as the Eurozone crisis recedes. Buildings that are partially or fully vacant, with short periods left on the lease or in need of a revamp, are in demand when they weren’t 12 months ago. “We are interested in slightly compromised real estate,” said Charles Weeks, chief executive of Cornerstone Europe, which has $37.3 billion (Dh137.18 billion) under management worldwide...............................................Full Article: Source
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