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Investors try new waters as Euro capital flows increase

There will be no let-up in capital flowing into European real estate this year, according to Emerging Trends in Real Estate Europe, the annual forecast jointly published by the Urban Land Institute (ULI) and PwC.

The report – based on surveys and interviews with more than 500 European industry players – found 70% of respondents expect more equity and debt will flow into their markets this year. “It is easier to get capital than to find good deals,” said one.

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Debt helps New York condo market hit sky-high levels

Lenders back wave of apartment towers as prices reach new highs, reports Al Barbarino

After clinging to a development site at 50 West Street in Downtown Manhattan for nearly three decades, in August 2013 Time Equities founder Francis Greenburger landed a $400m financing package to jump-start the 63-storey, 200-unit luxury condominium scheme 50 West.

The pipeline for New York condo finance began to open up in mid 2013 as the city’s economy continued to grow. At the time only a few privileged sponsors had obtained big financing packages on condo schemes.

“For most people who needed a construction loan, there just weren’t any,” Greenburger recalls. “The opening up of that market was pivotal for us.”

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