Europe: A recipe for disaster

Author: | Published: 27 Aug 2013

Big institutions are getting excited about infrastructure debt. It seems that wherever you look these days, commercial real estate is being touted as a great investment proposition.

A major driver behind this phenomenon is escalating demand among yield-hungry institutional investors, such as pension funds and insurers, for the long-term inflation-linked stable returns that infrastructure debt offers.

And financing must continue to grow. According to official estimates, $15 trillion is needed to fund projects across the EU, US...