CEDER 2011: No quality distressed assets

CEDER 2011 was a success from an organizational and content point of view, even though the view of professionals on the market here in Bucharest is far from rosy. The Advisers/Knight Frank kicked off the day with as much hard-core market analysis as the audience could handle, with useful data on rents in the various sectors as well as land price changes. That last bit kept coming up, time and again, because the price of land has stubbornly refused to fall. Along with fascinating discussions about the primary commercial property markets, participants concluded that the lack of distressed sales was mainly down to the fact that there’s simply no quality up for sale. Distressed projects, in other words, are distressed because they’re simply not good enough. It was an off-record event, however, so if you missed CEDER 2011, well, you simply missed it.

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