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Companies Are Selling Their Real Estate at the Fastest Pace Ever

  • EMEA firms sold $32 billion of their properties last year
  • Offices comprise just over a third of the transactions
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Will the Open Office Survive the Virus?

Companies are selling record amounts of real estate as they rush to shore up their Covid-battered balance sheets.

Firms across Europe, the Middle East and Africa sold 27 billion euros ($32 billion) of corporate properties in 2020, according to a report by broker Jones Lang LaSalle Inc. That was slightly more than a year earlier, even as overall real estate deals collapsed during the pandemic.