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Brazil – Trying to Realize Potential
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11/01/2006
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In Brazil, most office properties are developed speculatively; pre-leases are rare. Industrial real estate has begun to emerge as an investment class only recently. A few shopping mall groups operate nationally, backed by a growing number of foreign capital sources, such as U.S. or European REITs, pension funds or property firms. Brazil’s institutional residential market consists only of for-sale units.
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Authors:
Gretchen Skedsvold
Paulo Gomes
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