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Jones Lang LaSalle’s update on the direct European commercial real estate investment market, released at Expo Real, shows that direct investment in commercial property in Europe increased in Q3 2009 to EUR18bn billion, a 40% increase quarter on quarter (EUR12.9bn in Q2 2009). Olivier Bastin, Managing Director Luxembourg at Jones Lang LaSalle said: “This is the second consecutive quarter of increasing transaction volumes and we believe that we have now seen the lowest quarterly volumes that we will experience in this downturn (in Q1 2009). We expect volumes in Q4 2009 to be the strongest quarter of the year, and for full year volumes to reach in excess of EUR60 billion. Despite the increase in transactional activity, we expect year end volumes to be down 45% on 2008, which in turn was down...
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