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Preliminary volumes up 27 percent over H1 2013
CHICAGO, LONDON, SINGAPORE, July 9, 2014 – Increasing allocations into commercial real estate in the first half of 2014 is driving transaction volumes higher across much of the globe, with direct commercial real estate transactions reaching US$294 billion, up 27 percent over the same period last year. Due to the stronger-than-expected performance in both the Americas and Europe, as well as the steady volumes in Asia Pacific, JLL is revising its earlier full year transaction volume forecast from US$650 billion to US$700 billion.
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