Alroy's optimism was shared by GTC's Director of International Development, Hagai Harel, and two of the leading opportunity investors in the emerging Europe arena, presenter Otis Spencer of Heitman International and panelist H. Cabot Lodge III of WP Carey.
The investors concurred that the quality of produce and higher risk returns offered by the SEE markets will quickly become attractive as the CE markets converge further with western Europe and get too expensive.
Both have demonstrated their commitment with significant acquisitions already and more in the pipeline, Spencer
said there was some upside for investors as well as developers that the downturn had 'shaken out the amateurs' and toughened the supply side.
analysis of investor response was supported by Stocker who said that some investors and also most banks are currently too generalised in their assessments to see where quality product and attractive margins are available, a theme that also ran through the presentations of Gansser-Potts and Spencer