Charls: Greece's problems are unlikely to affect the property sector

05/12/2010 | REIT.com

Europe's real estate markets are very localized, which means it is unlikely Greece's fiscal crisis will affect other markets, according to Philip Charls, CEO of the European Public Real Estate Association. In fact, he said, the majority of European-listed real estate companies are well positioned for opportunities, having raised more than $15 billion in equity during the past year. "Going forward, we could see additional equity raised to take advantage of opportunities in the market," he said.

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