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- Nordics Property Breakfast
31 May 2012
Frankfurt am Main, Germany
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- Property Debt Breakfast
20 June 2012
London
Despite rays of light, Europe recovery at risk from banks - conference panel
It is too early yet to speak of a recovery in European property markets and even though some rays of light may be apparent, risk from the undercapitalised banking system remains high, concluded a panel of top German real estate players at a Berlin conference recently. "We see the first rays of light in a long dark tunnel for example in London and a bit in Paris," said Christian Ulbrich, CEO of EMEA for Jones Lang LaSalle. Franz Lucien Mörsdorf, CEO of German savings bank property fund manager Deka Immobilien, said he sees further yield rises ahead, although company has recently acquired assets at 6.5% to 7%.