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28 May 2012

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Milan prime office rents to remain stable this year - Savills

Milan CBD prime office rents should hold stable through 2011, while retail growth will be in the supermarket sector, says real estate consultant Savills. Office rents grew slightly to E500 sq.m. p.a., while take-up rose by 35%, which bodes well for 2011, said research head Susan Trevor-Briscoe. Development of 295,000 sq.m. may widen the prime-secondary gap.

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