Europe remained the top destination for Asian outbound capital in the first half of 2019, according to the latest report from global real estate adviser CBRE. In first half 2019, 37 percent of total outbound Asian investment targeted EMEA, totaling $7.2 billion, compared to $10.7 billion from the previous year.
Overall, Asian outbound commercial real estate investment declined 25 percent year-over-year to $19 billion in the first half of 2019. This was predominantly due to the rebalancing of portfolios by Chinese investors and global economic uncertainties. However, despite a moderation in global capital market flows, international commercial real estate investment continued to attract diverse sources of capital with Korean and Singapore reaffirming their status as Asia’s leading source of capital. Investors from Korea and Singapore were the major buyers in Europe too, accounting for 67 percent and 15 percent of total cross-border Asian investment into Europe, respectively.
