Savills: Rising demand for retail warehouses drives rents up

Rising demand for retail warehouses among international retail chains throughout Southern and Eastern Europe may generate further positive rental growth in the sector, according to the latest research report issued by international consultant Savills. The property services firm said on Monday that rents in the retail warehouse sector grew on average almost 8% year-on-year in the final quarter of 2007. This strong growth has continued in the first quarter of 2008 and is expected to grow further particularly in countries such as France, Germany, Italy and Sweden.

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