The global real estate market will recover faster from the current credit crisis than it did from the downturn in the 1990s, according to John Carrafiel, global joint head of Morgan Stanley Real Estate. 'This seems a better scenario than what we were facing in the 1990s as governments have stepped in and the market seems to have corrected faster in this cycle,' he said.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
