The global credit crisis is starting to weigh on investment performance in the property sector, according to DTZ's latest European Quarterly research report. The global property consultant forecasts a drop in activity of 15% to 20% in the third and fourth quarter of the year, compared to the record EUR 48 bn and EUR 53 bn registered respectively in the first and second quarter of 2007.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
