Middle East investors account for 12% of Europe real estate market
Global real estate services firm, CBRE has said Middle East real estate investors accounted for 12% of the European market in the second quarter of 2012, Saudi Gazette has reported. "European property markets and infrastructure continues to prove interesting for Middle East investors. What we are likely to see going forward, however, is co-investment activity particularly involving Middle Eastern sovereign funds and Chinese state or quasi state investors," said Nicholas Maclean, managing director of CBRE Middle East.
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