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European office leasing markets resilient

CB Richard Ellis Group Inc.’s forthcoming market report - EMEA Offices Market View report – indicates that occupier demand across Europe remained strong through 2007. The full-year total of over 10 million sq m was on a par with the previous year, and continues a sustained period of strong leasing activity in Europe. Despite the expected indications of growing caution among occupiers, particularly in the financial sector, the overall level of activity remained healthy in the fourth quarter, at 2.5 million sq m.

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