Spanish commercial property prices are forecast to fall further in 2009 before stabilising around the end of the year, according to Max Gill, Savills' head of valuations in Madrid. Prime office and shopping centre properties have reported a 20-25% fall in value over the course of last year, with land plots seeing the sharpest drop of up to 40%, he added.
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
