PIE Events
- German Property Breakfast
14 February 2012
Stockholm
- Distressed Property Breakfast
22 February 2012
London
- Central and Eastern Europe Real Estate Conference
03-04 May 2012
Vienna, Austria
e50bn RE debt said for sale in Europe; fallout expected on prices
At least e40bn-e50bn of bank debt backed by real estate is up for sale across Europe as credit institutions seek to sanitise loan books and strengthen balance sheets, according to a senior Jones Lang LaSalle executive. And the growing trend for banks to exit property commitments will alter the delicate balance on pricing, perhaps sparking further valuation falls.