A relatively slow market recovery may trigger European listed real estate companies to buy assets in 2010 to shore up their direct result, a panel discussion organised by the European Public Real Estate Association (EPRA) learned this week. But some companies, where managers’ bonuses are based on portfolio growth, may buy recklessly, warned Dick Boer, director of property research at Kempen & Co.
Westland Shopping Centre in the Brussels neighbourhood of Anderlecht may be up for sale, according to Belgian media reports.
