Daily News: September 4, 2012

GE Capital Denies Exiting Euro Direct RE Investment

According to a story posted by Property Investor Europe (PIE), GE Capital Real Estate (GECRE) has denied reports that it plans to exit direct property investment in Europe to concentrate on credit lending.

In a statement to PIE, GECRE said, however, it is making additional equity investments at present but allocating only to enhance value in its existing portfolio. GECRE strongly denied that it is a distressed seller, PIE said.

According to PIE, GECRE said considering the overall economic uncertainty in the EU, it remains cautious on the timing of any asset sales.

To read the Property Investor Europe story click here.