Doughty Hanson & Co Real Estate believes its focused development programme in Europe should be able to weather the current global economic crisis as the first project is not due for delivery until next year. The Via Imbonati project in Milan will comprise 32,000 m[sup]2[/sup] of office space and 276 underground parking spaces four km north of the city centre. Julian Gabriel, a senior principal at the European private equity group, says the Milan office sector continues to be undersupplied. 'Development brings risks with it but we focus on high-quality projects in markets and segments where there is undersupply. And, it is not all about delivering product, but satisfying what the tenants want.'
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