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

Europe office completions to hit 13-yr low in 2011

Posted on 26 October 2011

European office completions will fall to their lowest level in 13 years in 2011, and may only pick up in 2013, after developers delayed schemes and shelved projects during the financial crisis, research showed on Tuesday.

P roperty consultancy Jones Lang LaSalle said in its Office Property Clock report that just 3.6 million square metres of new prime and secondary office space would be completed by end -2011, the lowest level since 1998……………………………………….Full Article: Source


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