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6 February 2012

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European RE shares offer selective value - LIM

The outlook for real estate securities in Europe is relatively normal going forward, with equity and bond markets open but picky. However good assets, people and balance sheets should deliver good returns, says LaSalle Investment Management. The current situation is a "reasonably normal marketplace and European real estate securities pricing is also reasonably fair: 4.2% dividend yield, 5-10% NAV premiums, single-digit forecast earnings growth and little-to-no expected changes in earnings multiples." (See upcoming PIE editions for full story)

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