While Asian overseas tourism is still relatively low, Chinese investors in particular have been acquiring existing, strong hotel brands across the global to diversify their portfolios.
We are at the cusp of the “Asian Century”, if Asia maintains its growth momentum and regains the dominant economic position it held before the Industrial Revolution in the mid-18th century.
The rise of emerging markets has been a key global trend of recent economic history, highlighted by the ascent of the BRIC countries in the past 10 years or so but established well before.
For sellers of high-quality real estate assets in global cities, liquidity currently is likely to be of little concern, with market activity at present comparable to 2007 levels.
The axis of global growth has shifted to Asia. This economic dynamic is disrupting international flows of capital, trade, labour, services and information.
The ageing global population should drive real estate transaction volumes to surpass US$1 trillion worldwide by 2020, up from US$700 billion in 2015.
Investa Property Group has purchased a 75 percent interest in an office property in Sydney from Fortius Funds Management for A$442.5 million (US$337.2 million), on a core yield of 5.3 percent.
Investment from China into Australia’s real estate sector remained the highest for foreign investment approvals during 2014–2015.
During April, Asia Pacific and global property stocks posted modest positive returns of 1.8 percent and 0.4 percent, respectively, to build on March’s strong results.
BlackRock Real Estate and AXA Real Estate Investment Managers are under contract to sell 6 Bevis Marks in London to a private Chinese investor.