A strong fourth quarter brought full-year global direct real estate transaction volumes in 2010 to $316 bn (EUR 234 bn), 50% higher than 2009 levels, according to Jones Lang LaSalle. The global property adviser said the increase reflected a significant recovery in investment activity across all three major regions. It expects volumes will increase a further 25% in 2011.
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
