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.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.