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Real Estate Briefing - Categorized | Commercial property Watch, Europe more

Europe: Office refurbishment rates must double: JLL

Posted on 10 October 2011

Landlords in Europe must beef up their annual 1-2% rate of office refurbishments to about 5% very soon to meet carbon reduction targets, Bill Page, head of EMEA offices research at Jones Lang LaSalle,said.
Even in the City of London - one of the most advanced markets in Europe - the annual refurbishment rate currently stands at only 2.7-2.8%……………………………………….Full Article: Source


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