Total returns for the SCS/IPD Irish Quarterly Property Index were -9.3% in the first quarter of the year, compared with -16.8% in the last quarter of 2008. The return for the year to March 2009 stands at -39.1%. Capital growth was -10.9% in the first three months of 2009, less severe than the -18.0% recorded in the fourth quarter of 2008, whilst income return also edged up to 1.7%.
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
