Total investment volumes across Europe were down 18% at EUR 38bn in the first quarter of 2008 compared with the previous quarter, property consultant DTZ said in its Q1 2008 European Quarterly published on Tuesday. The French and German markets were particularly hard hit by the downturn in the wake of the credit market turmoil, witnessing investment declines of 30-40%, DTZ said.
Private asset management company Kryalos has completed the acquisition of a light industrial property in Rome, through its Mars fund.
