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Investment boom seen for Asia Pacific commercial properties
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THE Asia Pacific commercial real estate market may gain from a forecast investment boom of US$200-250 billion in 2015, Jones Lones LaSalle said in a report released yesterday.
The investment amount is set to easily beat the US$120 billion expected in the whole of 2014. In the first three quarters of this year, transactions totaled US$85.2 billion across the region, down 5 percent from the same period a year ago, according to JLL data.
“We estimate the potential level of capital coming from sources such as private equity funds, pension funds, REITs (real estate investment trusts), insurers, high-net-worth individuals and developers to be around US$200-250 billion in 2015,” said Megan Walters, head of research for Asia Pacific capital markets at JLL.
“Despite some investors moving up the risk curve, core assets will remain in favor amongst sovereign wealth and pension funds,” she added.
Private equity groups, which alone have over US$30 billion in capital ready to invest across the Asia Pacific, are predicted to be active buyers and sellers while REITs will also be actively seeking assets, according to the report.
“Given the level of capital being allocated to real estate in Asia Pacific, demand continues to outpace the amount of assets available,” said Stuart Crow, head of Asia Pacific capital markets at JLL.
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