RCA in the commercial property press:

Optimism Persists for Asia-Pacific CRE Despite Lackluster Q4

The Asset Magazine reports: Citing data aggregated and presented by Real Capital Analytics in its latest Global Capital Trends report, The Asset magazine recently reiterated that the pace of commercial real estate sales in the Asia-Pacific region continued to march upwards in the fourth quarter, furthering a trend that began at the start of 2009. “Despite the decline in transaction volumes for the region in the fourth quarter, the general upward trend, which started in the first quarter of 2009 has remained intact,” stated Asia Pacific Real Estate Association (APREA) chief executive officer Peter Mitchell.

The APREA report also detailed that cross-border investment into the Asia-Pacific region was up in the fourth quarter, as the composition of active buyers shifted away from public entities. Institutional investors also took a larger slice of the acquisition pie. Among the largest transactions in the Asia-Pacific region during 2010 included Center One in Seoul, the DBS Towers in Singapore, and the PCCW Tower in Hong Kong.

For more on Asia-Pacific commercial real estate trends, please see the full report on APREA’s site.

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Posted by: Nina Turner

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