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Falling sentiment increases pressure on CRE (Corporate Real Estate) teams
The intensification of the Eurozone crisis has further damaged corporate confidence. Amidst renewed uncertainty, CRE teams have once again been tasked with driving additional cost saving and transformation agendas. All this amidst a scenario characterised by an impoverished development pipeline and limited access to quality office space. Leading to pre-lets being deployed and reluctance to authorise capital expenditure for corporates.