A new report from CB Richard Ellis shows that the impact of low levels of development in central London may lay the foundation for medium term rental recovery. The projected three-year average completion rate will drop well below 2 million sq ft per annum in 2012-13 which, on past form, would see office rents rising again by the time London hosts the Olympics, the broker said.
Swiss real estate group Investis has boosted its real estate holdings with the CHF 139 mln (€149 mln) purchase of prime residential properties in Vaud canton.
