To read this full article you need to be subscribed to Institutional Real Estate Europe
Chinese investors’ international spending increases in 2013
International investment activity by Chinese investors increased by 124 percent to $7.6 billion (€5.6 billion) in 2013, according to research from Jones Lang LaSalle. This is an increase from $3.3 billion (€2.4 billion) in 2012 and $2.9 billion (€2.1 billion) in 2011. The UK and US real estate markets attracted most of this capital last year; the United Kingdom received $2.3 billion (€1.7 billion), up from $1.3 billion (€960 million) in 2012, and the United States received $3.1 billion (€2.3 billion), up from $264 million (€195 million) in 2012.
The office sector continues to dominate as the preferred asset class among Chinese commercial real estate investors active overseas, accounting for 85 percent of all investments made in 2013.
After New York City, London attracted the most money from Chinese investors, pulling in $2.1 billion (€1.6 billion). Major transactions in 2013 in
For reprint and licensing requests for this article, Click Here.