Bloomberg: Europe’s Buoyant Property Markets Help Hide Executives’ Failings
According to Bloomberg:
A lot of real estate executives in Europe are doing nothing to add value to their firms, and buoyant property markets are helping to hide their failings.
The managers of about 40% of European real estate investment trusts have failed to take action that enhanced their companies’ returns over the past three years, according to a report by research firm Green Street. The management team at Intu Properties Plc, whose shares have plunged 68% this year, placed last in the study. Barcelona-based Inmobiliara Colonial Socimi SA earned the highest grade.
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