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Inside this issue
• Many investors are adopting a wait-and-see attitude
• Commercial mortgage-backed securities have all but ceased to function since the credit squeeze started
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Content
Overview: Fear and opportunity
UK gloom contrasts with optimism elsewhere, says Daniel Thomas
Analysis: A dearth of deals makes pricing difficult
Daniel Thomas on the Catch-22 of calling the market
CMBS: Fear stalks a market
A critical financial instrument has been hit by contagion, writes David Oakley
US market: Trouble ahead – but no subprime
Retrenchment is proving uncomfortable, writes Dan Pimlott
Case study: Moment in history for Private Eye target?
Claer Barrett reports on speculation of a wave of consolidation in a struggling sector
Financial tools: Shrinking market for opco/propco
The heady days of cheap capital have gone, says Laura Chesters
John Richards: Outperforming in tough times
Daniel Thomas talks to the veteran chief executive of Hammerson
Mipim has a more international flavour
Daniel Thomas argues that the industry has yet to feel the full effects of the downturn
Architecture: E Europe redefines its identity
Edwin Heathcote looks at how these emerging states are discovering their own vernacular
Just when you thought it was safe...
Guest columnist Stewart Webster of New Star says that fears in the UK market are overblown
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