12/09/2004 Issue

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Strong 2005 Predicted For European Market
By Bennett Voyles

European CMBS issuance is likely to have another good year in 2005, European CMBS executives predict. “I think we’ll be up next year,” says Howard Esaki, the London-based executive director of European securitization research for Morgan Stanley, who predicts a 25% growth in volume next year, above the approximately 20 billion euros expected this year.


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