He says the segment has seen a resurgence in popularity, with anumber of high profile sale-leaseback deals including London'sLiberty's department store and HSBC's Canary Wharf headquarters,and KarstadtQuelle's $5.8 billion German store portfolio. "Thepotential for growth in Europe is immense; the estimated value ofEuropean real estate assets still in the hands of corporates isthought to be around $2.9 trillion - 12 times the average annualEuropean real estate investment turnover in the last fiveyears.
He says in spite of the global economic downturn and the massiveimpact on European property, there is huge potential for growth andthe future for European sale-leaseback is bright.
AllanSaundersonis a managing editor of PropertyInvestor Europe and a contributor to GlobeSt.com.Continue Reading for Free
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