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Rental rates fall 17% in downtown Calgary office market

By |2015-10-28T14:28:28+00:00October 28th, 2015|Uncategorized|

The depressed oil economy has sent rental rates in Calgary’s downtown office market spiralling by 17 per cent over the past year, says commercial real estate firm JLL. Its third-quarter report said the average asking net rent fell $20.75 per square foot, almost half the $40.01 peak of 2007 and 2008, with higher-end space the hardest hit. “Since the [...]

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German investors back BMO Real Estate’s first pan-European fund

By |2015-10-28T14:29:23+00:00October 28th, 2015|Uncategorized|

BMO Real Estate Partners has achieved a first close on its debut pan-European real estate fund. German investors committed €150m to invest in high street retail properties across a number of European markets. The real estate manager, previously known as F&C REIT, changed its name this year after Canadian bank BMO took over parent company F&C [...]

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