In this mad finance world they do have some risk but those margins of safety are some of the biggest around for modern well located retail property, which is the real estate equivalent of a Lexus. Even if Spanish or Austrian prices do run over the trigger line it is only a few and they have very substantial equity stake margins. They will walk away with a nice amount of cash should it occur, from discrete properties. A 30% yield? tax sheltered? I know there have been sime big dives in commercial property in the UK, but think that this is office blocks etc. predominantly. Am going to hit the reading rooms of the National Library to look at a good depth of UK and Euro newspapers and the Economist etc to get a better handle on what is happenning if I can. But this bank crisis is something else. Maybe some tomato seeds too?
AEZ Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
