EMEA office leasing volumes continued to improve over the third quarter of 2011 despite variations in prime rents. Jones Lang LaSalle's Q3 2011 European Office Clock Report shows prime rents increased in Stockholm, The Hague (both +2.4%), Hamburg (+2.2%) and Milan (+1.9%). In contrast prime rents declined in Brussels (-3.2% Leopold District), Dublin (-3.0%), Madrid (-1.9%) and Edinburgh (-1.8%).
Legal & General Investment Management’s (LGIM’s) managed fund has acquired Tesco Yarrow Road Poole from clients of abrdn for £46.1 mln (€54 mln).
