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Investors still favour offices above all else

Real estate investors still like European offices; that is the clear message from last year. BNP Paribas Real Estate calculates they bought 4% more of the asset class than in 2017, spending a cool €119bn – 45% of all regional property allocations. The message is especially true for Germany. It overtook the UK as Europe’s top office market. But France too is creeping up on its cross-Channel neighbours.

With €29.7bn spent on offices last year, a 24% jump from 2017, Germany established itself as the biggest office market in Europe, a surge (...)

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