Office take-up in the London banking sector fell drastically in the last quarter of 2007, Cushman & Wakefield said on Monday in its latest Banking Letting Activity Update. But the downward spiral was not indicative of the situation in the rest of Europe as take-up remained firm in Paris and Frankfurt, while Central and Eastern Europe experienced continued growth.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
