Property rush as billions raised to pick up bargains


	Property rush as billions raised to pick up bargains

JICWyllie

6-21-2009 12:18 PM

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tags:

1-investment, 1-prices, 1-strategy, 2-decrease, 2-opportunities, 3-forecast, 3-reported, 4-us

JICWyllie says:

It may force up the price a bit, so the first wave of investors can make a profit by selling to greater fools. These kind of secondary prices collapses could be common when new markets do not materialise because of lack of demand and lack of need.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/9ef77960-b342-4758-92c1-13bc2e38da8f/8E938416-C0FB-44E3-8C12-C051717848D5/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.independent.co.uk/news/business/news/property-rush-as-billions-raised-to-pick-up-bargains-1711244.html" href="http://www.independent.co.uk/news/business/news/property-rush-as-billions-raised-to-pick-up-bargains-1711244.html" style="font-size: 11px;">www.independent.co.uk</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.independent.co.uk/news/business/news/property-rush-as-billions-raised-to-pick-up-bargains-1711244.html"><P>Depressed commercial property prices have prompted a wave of interest in the market with up to 16 firms currently working on or readying plans to launch real estate funds. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.independent.co.uk/news/business/news/property-rush-as-billions-raised-to-pick-up-bargains-1711244.html"><P>Blackstone, the New York-listed financial services firm, heads the list with plans to raise around $2bn (£1.2bn) in Europe for a new Special Situations real estate fund. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.independent.co.uk/news/business/news/property-rush-as-billions-raised-to-pick-up-bargains-1711244.html"><P>The fund will look to buy up cheap real estate debt rather than equity. Blackstone recently raised $400m from high-net-worth individuals for a similar segregated fund. The cash was raised in just three weeks. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.independent.co.uk/news/business/news/property-rush-as-billions-raised-to-pick-up-bargains-1711244.html"><P>A source said: "There is incredible dislocation in the market. The opportunities in the real estate debt market are staggering. I don't think the raising is a signal that we've hit the bottom of the market by any means. "But there are some incredible bargains to be had in the debt arena. And Blackstone could have a relatively free ride given the travails at the property arms of some of its main rivals."</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/8E938416-C0FB-44E3-8C12-C051717848D5/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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