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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 per cent growth partly on an easing debt situation in the United States,Jones Lang LaSalle said.
In the first quarter of this year,volumes grew 44 percent to $94 billion from the same period last year,according to the property services firm.
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 percent of global volumes in the first quarter,up from 2 percent in 2007,it said.
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 percent from 2010.
Investment volumes in Asia Pacific are projected to top $100 billion in 2011,up 15 to 20 percent 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.
Meanwhile,Europe is expected to see investment volume rise by up to 30 percent with the United Kingdom,Germany and France dominating activities,the company said.
