A Real Estate Crunch in the Heart of Europe
The bottom isn’t as close as investors hoped
A construction worker on scaffolding at the Quartier Heidestrasse residential and commercial project in central Berlin in July 2022
Photographer: Krisztian Bocsi/BloombergWelcome to The Brink. It’s Jack Sidders and Laura Benitez, back in London after a trip to Germany, where the real estate market is on edge. We also have the latest on Adani and Mexico’s TV Azteca. Follow this link to subscribe. Send us feedback and tips at jsidders@bloomberg.net or Tweet/DM to @JackSidders.
As the crisis in real estate rages on, some of Germany’s largest landlords were dealt a succession of hammer blows this week in the form of short seller attacks, suspended dividends and bond tenders at near distressed levels.