First Property plans CRE buying spree in Europe

01/21/2009 | Bloomberg

First Property Group Plc. plans to spend as much as $277 million buying commercial real estate in eastern and central Europe over the course of the next two years. "All sellers on the market now are distressed and need to raise cash, so this is a brilliant time to buy; you just name your price," CEO Ben Habib said. First Property is a commercial property fund manager based in the U.K.

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