MILAN-Italian real estate research executives from six majorinternational realtors, in the enlarged working group ItalyResearch Forum that aims to boost market transparency, havereleased their first joint document, analyzing the office market.The group was started by an initiative of Cushman & Wakefieldand Jones Lang LaSalle in 2003 and during the last five years hasbeen reinforced by the adhesion of other main operators – BNPParibas RE, CB Richard Ellis, DTZ and Savills.

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“The aim of the forum is to exchange and compare non-sensitivedata, information and opinions regarding market trends, in order toachieve greater transparency in the main Italian real estate marketsectors,” the group said in a release. “The starting point is aplatform of common and fundamental definitions objectives includean extension to cover Rome as well as Milan office, and tosubsequently look at Italian domestic retail and logistics markets,which are both shared and homogeneous.”

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The enlarged IRF made a first combined presentation in June atthe European Real Estate Society annual meeting in Milan. Companyrepresentatives in IRF are Mirko Baldini - CB Richard Ellis,Claudia Buccini – Cushman & Wakefield, Raffaella Pinto – JonesLang LaSalle, Valentina Puleio - BNP Paribas Real Estate, RezartaTasellari - DTZ, and Susan Trevor-Briscoe – Savills. IRF objectivesinclude an extension to cover Rome as well as Milan office, and tosubsequently look at Italian domestic retail and logisticsmarkets.

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The cooperation is the widest in Europe between major realtors.It mirrors the Immostat cooperation in France, launched in 2001 byBNP Paribas Real Estate, CB Richard Ellis, DTZ and

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Jones Lang LaSalle to study the office market in the Paris-Ilede France region. The UK-based Investment Property Databank joinedImmostat last year.

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AllanSaunderson is a managing editor of Property InvestorEurope and a contributor to GlobeSt.com.

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