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On point - The office market in the Greater Paris Region - 2nd quarter 2011

Mixed results mid-year

Take-up and supply for the 2nd quarter were very similar to the figures of one year ago.
There were occasional inflationary tensions on prime rents.
Investment volume in the Greater Paris Region for commercial property amounted to 3,267 billion euros for the 2nd quarter of 2011 (i.e. +39% compared to the 2nd quarter of 2010.
Net return on off-plan sales for the 1st half of 2011: 4
transactions, half of them unsecured, and the prospect of a rise in the second half of the year.
Prime yield were maintained for the best core properties but
secondary properties started to rise.

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