There is growing evidence that the PIIGS can fly: shortage of product and strong investor demand are driving growth in the commercial real estate sector in the five countries the acronym refers to - Ireland in the north-west, Spain, Italy and to a lesser extent Portugal and Greece.
Singapore's Mapletree Investments has acquired 31 student housing assets in the UK and Germany from Cuscaden Peak Investments for £1 bn (€1.2 bn).
