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13 February 2012

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JLL's Ulbrich sees 2009 as year of pain for European property

The year 2009 will be a year of pain for the European property sector, says Christian Ulbrich Head of Jones Lang LaSalle Germany, who in January moves up to become the group's head of EMEA and join the US-based firm's Global Executive Committee. Ulbrich told a year-end presentation last week that many market participants are likely to disappear as a result of the financial crisis, and others will merge.

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