There were $341 billion in sales transactions in global real estate for the first half of this year, according to JLL. Among the most significant of these cross-border deals was Brookfield’s $1.5 billion acquisition of a mixed-use commercial complex in Shanghai. It is a telling transaction not only for its size—it is one of the largest purchases by a foreign investor in China to date, according to JLL—but also because it so aptly illustrates the robust appetite global asset managers continue to have for real estate around the world and not just in the US.
This year Asia has become a more popular CRE investment destination among investors from the Americas and the rest of the world; indeed CBRE reports that CRE investment by Westerners in China and Singapore grew by 329% and 71%, respectively, for the first half of this year, compared with the same time period in 2018, exceeding $3.7 billion.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
