There has been a notable slowdown in the rate of yield compression as office letting showed 'healthy' activity during the third quarter of 2006, according to the latest CB Richard Ellis market view on the EMEA office market. While the average prime yield fell by 25 basis points to 5.05% in the first half of 2006, the fall in the third quarter was only another two basis points.
German-listed real estate company Branicks Group has sold a retail property in Bremen city centre to municipal urban developer Brestadt for €37.2 mln.
