| 30.04.2009 - Franklin awaits distressed property sales |
| From Reuters: U.S. fund manager Franklin Templeton is looking to raise about $700 million for real estate investment this year as it braces for a flood of distressed sales from banks, its European property head told Reuters. "We are going towards a distressed sales situation, but we're not there yet ... banks are still trying to figure out what to do with their problem assets," its managing director for European property, Raymond Jacobs, said in an interview.......Full Article: Source |