Commercial property: The German real estate crisis claims its first big victims
While investor fears during the real estate crisis have centred on landlords, it’s the developers that are the ones in imminent danger.
Source: afr.com
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The German Property Crisis Is Claiming Its First Big Victims
(Bloomberg) -- In July this year, Nuremberg’s mayor celebrated the final beam being placed atop the redeveloped Quelle building, a monumental 1950s symbol of postwar Germany’s economic revival. Revamped with offices, shops and homes, a big part of the giant complex was slated to open in 2024.Most Read from BloombergAlmost Anyone Can Become the House Speaker, Except Donald TrumpKey Taiwan Tech Firms Helping Huawei With China Chip PlantsOzempic Is Making People Buy Less Food, Walmart SaysUS Stocks
Source: yahoo.com