Chilly economic headwinds are leading to a more cautious attitude amongst real estate investors and corporate occupiers. The heightened investor demand of the past few months has been tempered by mounting concerns over sovereign debt and by the pace of future global economic expansion. Nonetheless, barring significant economic setbacks, we believe that the current lull in real estate sentiment is likely to be temporary and global markets will return to a more confident stride in the final months of 2011.

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