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Investors pour $29b into commercial real estate bricks and mortar

Property Markets / Transactions

Australia

Aug 14 2017

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Carolyn Cummins, The Sydney Morning Herald

Investors have poured $29 billion into office, retail, industrial and hotel assets in the past year, with close to a third of the cash coming from overseas sovereign wealth funds and high net worth individuals.

It comes as the real estate investment trust sector enters a big week of the reporting season for the 2017 year. It is expected the office and industrial-focused REITs will produce solid results due to low vacancy rates, while the retail landlords will be more subdued with their tenants feeling the pressure of flat sales.

 

Go to The Sydney Morning Herald to read the full story.

SOURCE: The Sydney Morning Herald

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