Industry experts expect Asia's day of reckoning is just around the corner, and anticipate falling asset prices, deteriorating debt markets, increasing bankruptcies, and plummeting transaction volumes as the financial crisis travels the globe, according to the Emerging Trends in Real Estate Asia Pacific 2009 report, released this week by the Urban Land Institute (ULI) and PricewaterhouseCoopers.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
