Property markets have seen huge mutations in a decade. The post-1990 crisis recovery led to financialization of the real estate industry, with huge recent growth in Europe’s private property investment vehicle market. High-risk, high-return strategy opportunity funds have developed dramatically in France in the last ten years, particularly on the Paris office property markets. These funds target distressed, under-performing assets or poorly managed properties and in the 2000s contributed greatly to both financialization of the property sector and property price rises in the Paris business districts. This paper investigates the role of these new actors in the city and its business districts.
NAPPI-CHOULET, I. (2012). Stratégies immobilières des fonds d'investissement opportunistes : la financiarisation du marché immobilier français. Bulletin de la Societe Geographique de Liege, 58, pp. 83-94.