Some EUR 13 bn was invested in French commercial property in 2008, less than half the EUR 28.5 bn registered the previous year, according to a report by property adviser Cushman & Wakefield. Describing 2008 as a 'breaking point' year, C&W said the swing in the market comes after four years of sustained growth. 'This relatively low figure, which is well below the average amount invested each year since 1998 (i.e. EUR 14.4 bn) results from the financial crisis,' C&W said. Large deals have been particularly affected by the shortage of credit. C&W said just 35% of the total volume of investments in 2008 came from transactions exceeding EUR 100 mln. A year before EUR 100 mln-plus deals accounted for 58% of the volume.
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