The requested news item does not exist. Please return to News
Investors are reading through the current softness in the physical markets, deploying capital and generating pricing tension for core product
AUSTRALIA, 17 April 2013 – Statistics released by Jones Lang LaSalle Research show that office transaction volumes were strong in the first quarter, despite the softening in market fundamentals.
Jones Lang LaSalle recorded 23 office transactions above $5 million over the quarter totalling $1.5 billion. Furthermore, a number of large assets were in the advanced stage of due diligence at the end of the quarter.
Jones Lang LaSalle’s Head of Office Investments – Australia, Rob Sewell said, “Investor demand for core product is very robust. Offshore investors remain very active, domestic wholesale funds are looking to deploy capital, while the reduction in the cost of capital for large cap A-REITs has allowed them to be competitive for core product.”
02 9220 8315
02 9220 8412