Prime European office rents declined by 4.6% in the second quarter of 2009 compared with the previous three months and are now on average 15.4% lower than in Q2 2008, according to Jones Lang LaSalle's Q2 2009 European Office Clock Report. At the same time, the overall vacancy rate increased 80 basis points to 9.3%.
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.
