Spanish real estate services companies closed about half of their offices in 2007, according to data issued by Agentes de la Propriedad Inmobiliaria (API), a network of real estate agents across Spain. API estimated that around 40,000 offices closed over the last 12 months, which compares to a total of 80,000 previously active in the country.
Private asset management company Kryalos has completed the acquisition of a light industrial property in Rome, through its Mars fund.
