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Retail real estate investment hits a record
By Cherry Cao |
April 19, 2012, Thursday
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Online Edition
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INVESTMENT activities in retail real estate hit a record in China last year with transactions made outside traditional first-tier cities accounting for more than half of the total, industry research has found.
Transactions involving major retail properties added up to 26.5 billion yuan (US$4.2 billion) across the country, or 30 percent of the total commercial real estate investments concluded in 2011, Jones Lang LaSalle said in a report released today. The company tracks the purchase of individual retail property involving more than 30 million yuan around the country.
"This was an impressive figure, given the challenging liquidity conditions in the broader economy," said Alan Li, head of investment for Jones Lang LaSalle Shanghai. "The increase allocation to the sector and proliferation beyond Tier I cities suggest that some investors have already aligned their investment strategies to capitalize on the nascent economic transformation process."
In terms of buyer sources, domestic and Asian capital, in particular, Singapore-listed groups, played a dominant role in the market, completing 90 percent of acquisitions, according to the research.
On the sell side, domestic groups were major sellers last year, accounting for nearly 80 percent of total volume.
By property type, shopping centers continued to be popular among investors, attracting 86 percent of overall investment capital, Jones Lang LaSalle data showed.
Transactions involving major retail properties added up to 26.5 billion yuan (US$4.2 billion) across the country, or 30 percent of the total commercial real estate investments concluded in 2011, Jones Lang LaSalle said in a report released today. The company tracks the purchase of individual retail property involving more than 30 million yuan around the country.
"This was an impressive figure, given the challenging liquidity conditions in the broader economy," said Alan Li, head of investment for Jones Lang LaSalle Shanghai. "The increase allocation to the sector and proliferation beyond Tier I cities suggest that some investors have already aligned their investment strategies to capitalize on the nascent economic transformation process."
In terms of buyer sources, domestic and Asian capital, in particular, Singapore-listed groups, played a dominant role in the market, completing 90 percent of acquisitions, according to the research.
On the sell side, domestic groups were major sellers last year, accounting for nearly 80 percent of total volume.
By property type, shopping centers continued to be popular among investors, attracting 86 percent of overall investment capital, Jones Lang LaSalle data showed.
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