With many large institutional investors shifting their strategies to core products in prime markets in the wake of the credit crisis, the benefits of pursuing a secondary market investment strategy in Europe are growing, according to Peter Kasch, managing partner with Catalyst Capital. 'Yields are not only higher, but there is also a little less competition,' he said in an interview with PropertyEU at Expo Real. Assets in secondary markets are frequently in need of renovation or rehabilitation and suffer from low occupancy rates, he added. 'There’s more opportunity to do something.'
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