Prospects for the real estate industry remain very gloomy at Mipim 2009, according to Steve Williams, global adviser for Real Capital Analytics. 'This crisis is worse than any we've ever seen,' he said during a panel discussion at the Mipim real estate fair which got under way on Tuesday. 'So far we haven't seen a turnaround despite the vast amounts of government money being poured into rescue packages in the US.'
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
