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2012 emerging as the most difficult year for the Italian economy since the beginning of the crisis, with a severe contraction of both consumption and industrial production Healthy take-up activity and slowdown in development contributing to a reduction in vacancy rates across prime locations. H1 2011 has seen a take-up of just over 460,000 m² of warehousing space, up 12% on H1 2012Substantial slowdown in completions, with a total of approximately 102,000 m² new warehousing space delivered. Further delays are expected for the rest of the year due to limited credit available to developersVery limited supply of “Grade A” investment opportunities and weak demand by investors leading to just €40 million totally invested over H1 2012
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23 October 2012