Blackstone CEO Steve Schwarzman, whose firm is truly one of many largest owners of enterprise property, says elevated charges respect keep aside European proper estate beneath rigidity. “While you happen to’ve got to carry a total portfolio that worn to cost you subsequent to nothing, at 6% they need to sell issues,” Schwarzman told Bloomberg’ Francine Lacqua on the sidelines of the Worldwide Funding Summit in West London. “We’re seeing some very, very lawful buys in that roughly ambiance because, now not like most folk, now we respect extensive capital.”
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