RCA Insights

Global Transaction Activity Dips in Third Quarter

By on November 8th, 2018

Global commercial real estate transaction activity slipped in the third quarter, the new edition of Global Capital Trends shows, as a swell of entity deals and an uptick in U.S. activity wasn’t enough to offset weaker deal volume in Europe and Asia Pacific.

The volume of income-producing assets fell 5% in the third quarter compared with a year earlier. Weakness in Germany and the U.K. weighed on European activity levels, and in Asia Pacific all the leading markets except for South Korea and Singapore stalled.

1811 GCT overview_72-01

The much-maligned retail sector showed the strongest volume growth from a year earlier, gaining 23%. The increase was due in large part to one entity-level deal: the acquisition of the U.S.’s GGP by Canada’s Brookfield AM.  Entity-level megadeals have been more evident as investors seek to place significant amounts of capital in single transactions.

If you are a current RCA subscriber, log into your account to download the Q3’18 Global Capital Trends report and data file. To receive information about becoming an RCA client, contact us.

Simon Mallinson

Executive Managing Director, EMEA & APAC
smallinson@rcanalytics.com

Based in London, Simon Mallinson joined Real Capital Analytics in January 2013. Simon has board level responsibility for EMEA and APAC, with a particular passion for the continued development of RCA’s industry-leading client service and capital markets analytics.

Previously, Simon was Senior Director leading European Research at Invesco Real Estate. Prior to Invesco, Simon held a number of roles with IPD (now part of MSCI) in London and the United States. As Head of US Services, based in Chicago, he established IPD’s first North American office.

Simon is a Board Member of US association NCREIF, a member of RICS and is active across a number of other global real estate associations. He holds degrees from both Leeds and Manchester University, UK. Simon has set foot in 48 U.S. states and is looking for an excuse to visit Maine and Alaska.