Mainland insurance firms will respond to growing competition for foreign real estate by investing more in property funds and partnering on deals, says Jones Lang LaSalle.
But Australasia is home to the most popular cities in Asia Pacific – relative to their economic size – among foreign property investors. But Tokyo is way out in front by absolute flows.
Still, mainland investors are looking beyond global city gateways for real estate assets and starting to embrace joint ventures and partnerships, says Jones Lang LaSalle.
LaSalle Investment Management's third Japan Logistics Fund closes as demand for logistics properties are up, the yen is down and exports are expected to rise.
Jones Lang LaSalle is among those setting up teams in Asia to service wealthy individuals in response to rising interest in real estate.
A total of $57 billion has been pumped into regional real estate this year, mostly by domestic investors. Jones Lang LaSalle sees a correction as inevitable.