The Jones Lang LaSalle overall property index was up 2.9% in the third quarter of 2007, slightly higher than the 2.7% booked in the second quarter. In the nine and twelve months to end-September, the index rose 8.7% and 14% respectively. Capital values increased by 1.9% in the third quarter and by 5.5% I the first nine months.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
