Between 2018 and 2022, Asia will host three consecutive Olympic Games: the recently-completed Winter Games in Pyeongchang, South Korea; Tokyo in summer 2020; and Beijing in winter 2022. That’s an impressive hat trick for the region, but what real estate investment opportunities do the Olympics present, and what does this mean for Asia’s place in institutional property portfolios?

The Asia Pacific region has certainly matured over the past decade as a destination for global real estate investors, says Marc-André Flageole, global portfolio manager and head of the investment team for Presima. Indeed, Tokyo and Seoul are already core real estate investment targets for many institutional investors, and Beijing is becoming a potential core city for some investors, as well, says Takuya Yamada, CEO of IDERA Capital Management in Tokyo.

The Asia Pacific real estate market has experienced constant growth since the global financial crisis (see “Direct commercial real estat