London, Chicago, San Francisco top locations for $5.4b from China
Chinese investors stepped up their investment in overseas commercial and residential markets in the first half of 2014, with London the most popular location, real estate services firm Jones Lang LaSalle IP Inc said on Wednesday.
Overall Chinese outbound investment climbed to $5.4 billion in the first half, 17 percent above the same period in 2013.
While commercial investment took the largest share, almost $4 billion, the real growth was in residential investment, $1.5 billion, 84 percent higher compared with last year.
Properties abroad a two-edged sword
|
China's rich look abroad as home prices fall
|
aging more Chinese mainland capital to be put into major infrastructure projects.
Institutional investors targeting London include China Construction Bank Corp, China Overseas Holdings Ltd and China Life Insurance Co Ltd, which bought core central business district office assets.
San Francisco and Chicago followed behind London with $548 million and $365 million, respectively.
Just as in London, CBD office assets were popular, but this time it was a private investor that snapped up the 225 Bush Street property in San Francisco.
Darren Xia, director of the international capital group at JLL China, said developers and insurance companies remain the most active investors, with a notable increase in interest in hotel and hospitality products at popular Chinese tourist destinations, such as New York and Sydney.
"Although the Chinese investors have been very active in the world's major cities in the first half, we are seeing them pursuing opportunities right across the spectrum of geographies and sectors," said David Green-Morgan, global capital markets research director at JLL.
For inexperienced overseas investors, it makes sense to target the most liquid cities. But for more experienced ones, they are looking at smaller less-liquid markets such as Spain, where yields and risks are both higher, according to JLL.
Hot Topics
Editor's Picks
...
...
榆树市|
镇远县|
阿克苏市|
宁城县|
宣汉县|
民县|
广东省|
三原县|
汤阴县|
镇坪县|
遂溪县|
盐源县|
普陀区|
永寿县|
平邑县|
化州市|
凉城县|
浠水县|
滨州市|
河北区|
汉源县|
鄂伦春自治旗|
雷山县|
灵宝市|
桦川县|
河间市|
余庆县|
安阳县|
琼结县|
澄迈县|
曲水县|
微博|
独山县|
奇台县|
宣威市|
塘沽区|
闵行区|
邵阳县|
长春市|
邯郸县|
叙永县|
