Europe
Marnix Galle, executive chairman of Belgian developer Immobel, has been appointed ULI Europe Chairman, serving on a voluntary basis for a two-year term starting on July 1, 2020, and will join the ULI Global Board of Directors. He succeeds outgoing Europe Chairman Juergen Fenk, member of the executive board, SIGNA Holding GmbH.
New lending by European banks is likely to remain strictly conservative, limiting liquidity for the European property market.
At the ULI Europe Paris 2011 conference in February, former Irish Prime Minister John Bruton said that, in addressing their nations’ economic troubles, Europeans see problems that cannot be fixed, whereas Americans see challenges for which solutions have not yet been found. Learn what he says about Europe’s banking crisis and how to get the monkey off the back of the European economy.