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IReit expects stiff property competition
Published Tue, Mar 3, 2015 · 09:50 PM
Singapore
IREIT Global, which has office properties in Germany, expects competition for commercial properties there to be "intense", due to the massive liquidity from the European Central Bank's easing stimulus as well as the weakened euro and low interest rates in Europe.
But it says that such market conditions also provide IReit with opportunities to proactively pursue yield accretive acquisition deals.
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