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The talk has done the rounds on plenty of occasions in the past and although independent property valuer sydney enthusiasm was not exactly infectious there was enough of it to send Segro 2. 5p better to 67,035p and British Land up 9p to 1,400p. The company declined to comment on the Alcoa rumors but the Swiss broker upped its target to 1,700p although the shares shed 4p by the close to 1,365p. It also increased its target price for rival integrated miner Rio Tinto to 4,500p sending its shares 17p better to 3,903p, a new all-time high.
Cazenove reiterated its “buy” stance on the stock and told clients that the stock is oversold and a value of 500p is “not unrealistic”. Meanwhile, high street retailer WH Smith was also in demand, although this time there was no talk of a buyout. Traders were left pondering how much downside Lehman wants to see before switching to “sell. Broker Lehman Brothers provided some slightly bizarre advice, reiterating its “equal weight” stance, the equivalent of “hold”, with a target price of 492p – more than 22 percent below the opening price.
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Our Architectural focus is on Residential Custom Home Designs where we provide you with property valuers melbourne A market recovery should spread across all the European sub-markets as tenant profiles are generally diverse and speculative construction levels have now subsided as developers have adjusted to market conditions. The post-millennium downturn in the banking and finance sector has understandably had a very negative impact on the occupier markets of Europe’s key financial districts.
London’s City market and Frankfurt, with their high concentration of financial sector occupiers have been hit particularly hard. However, other key commercial centers such as Barcelona, Milan, and London’s West End have weathered the recent slump relatively well as their more diversified mix of tenants has protected them to some degree from weakened demand.
Coincidently, markets which enjoy a more diverse occupier base have also benefited from relatively constrained levels of speculative development. This increases the potential for a more rapid improvement in rental levels when compared to markets dominated by the financial sector. Markets with a high proportion of public sector tenants, such as Brussels, have also remained in relatively good health.
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