Commercial property capital growth in Italy totalled -3.3% in 2008, according to the IPD Italy Annual Property Index. This implies a steeper value correction than the Bi-Annual Indicator revealed earlier this month. According to the index, income returns were steady in 2008, at 5.4%, contributing to a 2.0% annual total return.
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
