Change of priorities

The real estate investment slipped down the list of investors’ priorities in Jason Sharman, partner and managing director of King Sturge Poland.Nathan NorthI                                             This means that some properties –office, some retail and industrial –have been over-rented. It is hard toargue in thecase of properties leased two years ago that rents will grow for some time. There is thefeeling that banks are opening up again and coming tothetable todiscuss investments. In 2010 banking terms should improve, creating more activity on themarket. One of thethings that opportunistic investors look at in particular, as well as core investors, is theInternal Rate of Return on themoney they invest. But it has been extremely difficult toachieve these returns considering theunpredictability of themany moving parts that real estate is experiencing at this time.           Downturns in thepast have been gene