Commercial real estate investment activity in Europe reached a record level in the third quarter of 2007 despite the credit squeeze that emerged over the summer, property advisor CB Richard Ellis Group said in a market report published on Wednesday. Total investment in European real estate rose 24% to approximately EUR 65 bn in Q3 this year, compared with the same period in 2006.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
