Direct investment in European commercial real estate went down by 30% to €12bn (£10.5bn) in the first quarter, according to Jones Lang LaSalle. This was 30% down on volumes in the previous quarter and 70% lower than the same time last year.
German investor Deka Immobilien has acquired a logistics portfolio in the Czech Republic for €460m from Czech industrial firm CTP Group.
BMO Property Growth Income Fund has increased its direct property exposure by £23.8m after acquiring five assets across the Midlands and South East.
Peel Land Property has revealed its plans to refurbish The Victoria office building in MediaCityUK, Salford.
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