Cross-border transaction activity in Europe and Asia Pacific reaches new heights
Real estate investment activity in Europe and Asia Pacific during the third quarter has reached levels not seen since the previous peak, with cross-border investment playing a significant role.
Based on CBRE’s preliminary third quarter 2015 figures, investment turnover in Asia Pacific grew 20 percent quarter-on-quarter in third quarter 2015 to $25.6 billion, despite the year-to-date investment volume being down 24 percent compared to the same period in 2014.
And cross-border investment in Asia Pacific accounted for 36 percent of total turnover in the first three quarters of 2015 — rising 36 percent quarter-on-quarter to $10.6 billion in the third quarter, marking the highest total recorded since 2008, according to a report from CBRE.
Sustained investor interest remained upbeat in Australia and Japan, with these two markets accounting for 56 percent of total regional turnover in the quarter. Asian capital was particularly active in the Paci