{"product_id":"high-rise-and-fall-andrea-carpenter-9781138612419","title":"High Rise and Fall: The Making of the European Real Estate Industry","description":"\u003cp\u003e\u003cem\u003eHigh Rise and Fall\u003c\/em\u003e tells the story of how the European commercial property industry transformed from a local, small-scale business to an international, financially sophisticated, multi-billion-euro industry that was ultimately devastated by the 2008 crash.\u003c\/p\u003e\u003cp\u003eDrawing on her experience as both former Editor of \u003cem\u003eEuroProperty\u003c\/em\u003e and Director at the European Association for Investors in Non-Listed Real Estate Vehicles (INREV), Andrea Carpenter explains how the mid-1990s saw the arrival of a new style of property investing in the European markets. Seeking high returns, impervious to risk and with a seeming indifference to the buildings at the heart of the deals, US players such as Morgan Stanley, Goldman Sachs and Lehman Brothers conquered the European property markets with an audacity that both repulsed and intoxicated the locals. Fuelled by improving economic conditions in the early 2000s, European investors were keen to emulate all or parts of the US investors' philosophy. Armed with a wall of capital, the industry expanded into the far reaches of Europe in search of returns, and piled on new risks that it did not completely understand.\u003c\/p\u003e\u003cp\u003eIn her highly readable style, Carpenter analyses the mistakes made by the industry in the run-up to the crash when billions were wiped off the value of property across the region, and it became clear that in the pursuit of high returns and a place in the wider financial world, the industry had turned its back on the basics - bricks and mortar. This book is aimed at students and younger professionals studying or working in the real estate industry who need to understand the events that shaped the world they are entering into, and the lessons that can be learned from them.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Andrea Carpenter\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 1138612413\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9781138612419\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Routledge\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 09\/21\/2018\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 172\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.99lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.21h x 6.14w x 0.50d","brand":"Andrea Carpenter","offers":[{"title":"Hardcover","offer_id":48087752868095,"sku":"9781138612419","price":170.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_97d78dd7-8649-4361-b8ef-c2bbf1932019.jpg?v=1769101202","url":"https:\/\/www.whiterainbookhouse.com\/products\/high-rise-and-fall-andrea-carpenter-9781138612419","provider":"WR Book House","version":"1.0","type":"link"}