Recovery of the European property market will take longer and be paler than most people would have wished, Joe Valente, Head of Investment Strategy at Allianz Real Estate, told delegates on the second day of the annual IPD conference in Amsterdam on Thursday. 'We had a very virulent downturn. The inevitable consequence of that is that recovery will be pale, anaemic and drawn out. There's no way out of that.'
Ares, Coima and MEAG are three investors which have closed multiple acquisitions in the last few weeks.
