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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 [...]

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 [...]