Middle East investors helped to spark a 40 per cent increase in commercial property transactions in the past year in Europe, Middle East and Africa (EMEA), says a Jones Lang LaSalle report.
Total investment across EMEA is likely to reach €100 billion (Dh484.43bn) this year, led by surges in activity in Germany and the Nordic countries, according to an analysis released yesterday by the property consultant.
Cross-border investment, a key indicator of international interest, accounted for 50 per cent of activity, fuelled in part by Middle East equity buyers targeting 'trophy assets' in Europe, says the report.
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