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13 February 2012

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German office value declines accelerate in 2Q09 - JLL's VICTOR

Jones Lang LaSalle's German office value indicator VICTOR fell 2.3% in 2Q09, re-accelerating from 1.2% in the first. Dusseldorf and Frankfurt were weaker. "The modest falls are mainly due to the weakening state of rental markets and not a broader further fall in the investment market," said Andrew Groom, JLL European Head of Valuation Advisory.

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