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Is The British Property Mart Softening?-00-6669
Having verbalized to a top investor, top developer and top advisor this week I have to confess it is.
There are various reasons, some more important than others.
Firstly, of course, the election and the slow down it was always likely to cause.
2nd, an Easter holiday period that has extended across three weeks, with open school holidays starting a week before the rest of us hoi-poloi.
And thirdly, and most significantly, there is a growing apprehension that an awful lot of real estate is now up for sale.
First, the investor's vista: he singled out the `White Tower' portfolio being sold by CB Richard Ellis on behalf of CMBS-holders to investor Simon Halabi as an fascinating case in point.
You can study this portfolio as one of two things: rare opportunity to buy large portfolio in number one world city.
Or risk-laden assortment where great care is needed. Alban Gate, occupied by JP Morgan, is now 20 years old and straddling London Wall would value a fortune to put.
About the Author:
http://www.pisosdebancos.eu // http://fuerteventuraproperties.net
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