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13 February 2012

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European local bodies assess public real estate management

Cities and municipalities across Europe are growing increasingly aware of the potential value of their publicly-owned real estate at a time when budgets are under increasingly heavy stress, according to Deloitte Real Estate. More and more are making inventory and valuations, and then introducing professional management. Deloitte said only about 30% of major cities in eight major western European nations can provide reliable figures. "But that situation is expected to change dramatically over the coming years," said Jean-Paul Loozen, Deloitte EMEA Real Estate Industry Leader. (See upcoming PIE Editions for full story)

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