Commercial property investments to top $440 bn in 2011: Report | india | Hindustan Times
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Commercial property investments to top $440 bn in 2011: Report

india Updated: May 05, 2011 21:49 IST
Reuters
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Global commercial property investments are set to exceed $440 billion this year, the highest since 2007, with the Americas likely to post 60% growth partly on an easing debt situation in the US, property services firm Jones Lang LaSalle said on Thursday.

In the first quarter of this year, volumes grew 44% to $94 billion from the same period last year, the firm said.

Brazil became the fifth most active investment market in the first quarter, helping the BRIC group (Brazil, Russia, India, and China) of emerging markets account for 13% of global volumes in the first quarter, up from 2% in 2007, it said. http://www.hindustantimes.com/Images/HTEditImages/Images/06_05_11-buss-23d.jpg

“Sao Paulo has one of the world’s most dynamic office markets, characterised by rapid rental growth, strong corporate occupier demand, low vacancy and a development boom,” the firm said in a research note.

Jones Lang LaSalle expects total investments in North and South America to be $155 billion this year, up 60% from 2010.

Investment volumes in Asia Pacific are projected to top $100 billion in 2011, up 15 to 20% year-on-a-year ago, though held back by an expected drop in transactions in Japan after the huge earthquake and declining volumes in China due to regulatory tightening, Jones Lang LaSalle said.

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