Rather than having a direct impact on bank lending, the big benefits for the real estate sector from the European Central Bank's €1.1 tln Quantitative Easing (QE) programme come from low long-term interest rates and a more competitive exchange rate, writes Neil Blake, head of EMEA Research at CBRE.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
