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Australia’s commercial property sales jump fourfold, CB Richard Ellis says

Posted on 30 June 2011

Australian commercial property sales in the second quarter soared by more than four times the value of transactions in the previous three months, when natural disasters dampened activity, real estate services firm CB Richard Ellis Group Inc. (CBG) said.
Commercial property investments jumped to A$2.7 billion ($2.85 billion) in the second quarter, compared with A$638 million in the three months ended March 31, CBRE said………………………………………Full Article: Source


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