Sense and stability

When finance is desperately hard to come by, acquisitions are thin on the ground and revenue from tenants is increasingly unreliable, it would seem that both investors and owners are in a bit of a fix. But maybe not, if they go for a solution that is still novel in the region Nathan NorthAs the dark days of the credit crunch drag on seemingly without end, we could all be forgiven for clutching at straws of hope wherever we think we find them. According to consultants CB Richard Ellis, in the first half of the year the volume of investment in CEE real estate was down by more than 90 pct on H1 2008, and by 86 pct on the previous half-year – figures which go some way to reveal the extent of the damage done by the shockwaves from last year’s financial meltdown. But at the end of July, news came in of one deal that might just provide us with a r