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Property September 2007

Property report

Inside this issue

• Cautious mood in Europe and the US even before the credit crunch

• Late introduction of Reits in the UK results in failures

• The health of occupier markets boosts the confidence of developers and investors - -

Content

Trends: The bull run is now just a distant memory

Even before July’s credit squeeze, there were negative signs in the market, says Jim Pickard

Property stocks: Managers forced to change tack

Companies employ defensive strategies as they try to alleviate the fears of shareholders, says Jim Pickard

Profile: Europe’s malls face shake-up

Ross Tieman meets Guillaume Poitrinal, the man behind the newly-merged Unibail-Rodamco

The debt market: Waiting to see if the party’s over

Jim Pickard takes the temperature in Europe in the wake of turmoil in the financial markets

Occupier markets: Investors set to pay closer attention

Jim Pickard looks at rental trends on the European continent

Architecture: Dereliction of duty to glass

Edwin Heathcote laments the ubiquity and ennui of too many glazed skyscrapers

CEO interview: Wrong to paint doom and gloom picture

Jim Pickard meets Alistair Hughes, the head of Jones Lang LaSalle for Europe

Reit or wrong, they came too late

Reits were introduced too late in the ‘mature’ stage of the UK cycle, syas guest columnist Mike Prew

New market needs old skills

Old-fashioned ‘hands-on’ property development looks set to return to the fore, says Jim Pickard

Facts and Figures: Investors grapple with debt crisis fallout

Sabina Kalyan, chief economist at Investment Property Databank, looks at the latest data