German real estate professionals are gloomier than ever in the wake of the increased turbulence in the international financial markets. King Sturge's Real Estate Climate index, which polls 1,000 market participants every month, returned the steepest loss ever in the history of the index in October. The Real Estate Climate index stands at 55.4 index points, undercutting September's rating of 69.7 points by 20.5%.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
