The office investment markets in Madrid and Barcelona will be driven by corporate transactions this year, according to a research report published by Savills. Real estate companies are expected to put large property portfolios on the market in a move aimed at reducing their liabilities. In 2007, Spain's main office markets continued to perform solidly, with the summer marking a point of inflexion in the dynamism of demand. Total take-up in Madrid reached record levels at circa 900,000 m[sup]2[/sup] last year, while Barcelona saw its take-up level drop by 2.7% in 2007 to 360,000 m[sup]2[/sup].
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