Jump in sale and leasebacks
CORPORATE sale and leaseback transactions have maintained a prominent role in the European property investment market despite the slump, property firm CBRE said yesterday.
The sale and leaseback market has grown from six per cent of the overall European property market in 2004 to 19 per cent in 2008.
CBRE said that the attraction stems from these transactions offering long and well-secured income streams for the purchaser and often involve prime assets – which are the kind of opportunities investors are looking for at the moment.