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Investors worried about property fund debts

Guardian.co.uk – Investors are highly concerned about potential debt problems in unlisted European real estate funds, causing them to drastically cut back equity commitments to the sector, an industry body said on Thursday.

In a survey of investors, 88 percent said they were either "very concerned" or "concerned" about property funds breaching covenants, INREV (the European Association for Investors in Non-listed Real Estate Vehicles) said in an industry conference held in Greece.

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