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Asian sovereigns were key to growth of European commercial property market | 18 February 2013

Asian and Middle-Eastern sovereign investment was the main factor behind the huge growth of the European commercial property market last year.

Figures gathered by realtor Jones Lang LaSelle has suggested that sovereigns had been particularly keen to invest in England, Germany, France, Ireland and Spain in 2012.

According to pie-mag.com, these groups were largely responsible for the 80 per cent rise in Asian investment across Europe. It was also predicted that many would have their eye on higher-risk investments in these areas throughout the next 12 months.

Matthew Richards, who is head of the International Capital Group, agreed that Asian investors would continue to play a key role in the recovery of Europe’s real estate market.

He told property-magazine.eu: “We expect Asian offshore buyers to be many of the dominant sources of the new capital this year and beyond as domestic regulations now allow investment outside of their domestic real estate market.”

Richards tipped global property investment to jump by more than 10 per cent – but suggested that Europe can only hope to maintain similar volumes to last year.

London was named as the most active European commercial property market last year, having recorded almost £20 billion worth of transactions last year.

The views expressed in this post are those of the author and are not necessarily those of Qube Global Software. All facts are verified where possible directly by the author.

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