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LONDON-Jones Lang LaSalle executives say there is more than $67.5 billion of equity in the European commercial real estate market chasing deals, but they are finding it difficult to find debt financing. JLL, and others, believe investment activity will begin to ramp up as the year continues, according to an article in the Global Real Estate Monitor.

To prove the beginning of a movement, the report points to the Meadowhill shopping center 50% stake sale to London & Stamford Property. The portion sold for $793 million.

According to the article, “Although many experts contend the Meadowhall deal is the beginning of a trend, investment activity in European commercial real estate will still be moderate in 2009 compared to previous years as Europe’s economy struggles.” To read the rest, click here.

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