Yields in prime office markets will be hit hardest in the coming years, followed by prime industrial properties, high-street retail locations and shopping centres, according to Will Rowson, chief investment officer of ING Real Estate Investment Management. Speaking at the annual PropertyNL Forum in Amsterdam on Tuesday, Rowson said he expected that the prime shopping centre market would be the first to recover but that recovery would be slow and gradual. 'Europe has been relatively robust compared to the UK, but 2009 will a tough year all round.There are not many glimmers of light in the tunnel and any light there is is probably a runaway train coming the other way.'
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