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
...
...
湟中县|
黄冈市|
永仁县|
阿拉尔市|
陇南市|
灵台县|
花垣县|
济源市|
光泽县|
辛集市|
吐鲁番市|
德保县|
上林县|
集贤县|
互助|
潼南县|
清水河县|
桐梓县|
新巴尔虎右旗|
水富县|
连城县|
海原县|
兖州市|
酉阳|
监利县|
黔东|
南阳市|
卓尼县|
富裕县|
衡山县|
汉中市|
大安市|
瑞昌市|
资源县|
留坝县|
东港市|
滕州市|
阳朔县|
镇巴县|
凉山|
翼城县|
