Germany has so far been holding up as the most stable market in Europe, according to Daniel Piazolo, managing director of IPD Germany. Speaking on a panel at the Mipim trade fair in Cannes last week, Piazolo said he would be surprised if Germany saw the big drop in capital values seen recently in Ireland and the UK. ‘We never had a big party, so we won't have a big hangover.’
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
