The cost of renting office space in Moscow rose almost 42% in 2007, according to Jones Lang LaSalle's latest European Office Property Clock. Major Western European capitals also experienced significant increases, but not to the extent of the Russian capital. Office rents rose 21% in London, 16% in Madrid and 13% in Paris over the last year.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
