'There's a greater assertiveness for global trading in other markets than in real estate,' he said at the MIPIM property show in Cannes, France. 'There's too much ethno-centricity in North America. People are still focused too much on their own markets.'

Bennett admitted that the legal and accountancy models are different to real estate. 'By and large, they don't deal with tangible resources,' he said. 'Whether it's law or taxes or monetary systems, they're not made of concrete.'

But he added: 'I was shocked at the relatively few number of Americans at this show (MIPIM).'

Corfac boasts 51 member offices in the US, and 102 member offices of King Sturge Corfac International.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Multifamily