Investment activity in real estate markets has dropped to 2004/05 levels, according to Nick Axford, head of EMEA Research and Consulting at CB Richard Ellis. Axford was speaking at the 2008 International Council of Shopping Centres' Research Conference in Rome last week, attended by a record number of delegates from across Europe.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
