Real estate adviser CB Richard Ellis is cautiously optimistic on the investment outlook for the European property sector in 2008. Speaking at a presentation at MIPIM, CBRE’s head of EMEA research Nick Axford pointed to the fact that despite the overall dip in the fourth quarter of 2007, investment levels in Europe reached the record level of EUR 45 bn last year.
Swiss real estate group Investis has boosted its real estate holdings with the CHF 139 mln (€149 mln) purchase of prime residential properties in Vaud canton.
