ICSC and Jones Lang LaSalle (JLL) plan to unveil a groundbreaking multinational study that examines the evolution and future of global real estate investment at the 2012 ICSC Retail Real Estate World Summit in Shanghai this September.
The study is authored by Jeremy Kelly, Jones Lang LaSalle’s director of global research; Shelley Matthews, of the international capital group; Alexandra Bryant, of Asia Pacific capital markets group; and Josh Gelormini, director of research for the Americas. It will explore four key areas, including a review of the different investment market characteristics across the globe; recent patterns of retail investment; regional trends in retail investment and a forecast on how the investment landscape will change over the remainder of the decade.
“Preliminary findings show that over the past decade alone, in excess of one trillion U.S. dollars of retail real estate has been directly traded, of which more than one-third has involved cross-border capital,” said Jones Lang LaSalle CFO Lauralee Martin in a statement. “Initially focused on the established markets in North America, Western Europe, Australasia and Asia, capital flows have gradually spread during the mid-2000s to embrace retail markets in Central and Eastern Europe, Russia, China, Turkey and Brazil. ‘Signpost’ deals point to a further widening of activity into new markets in Latin America, North Africa and Southeast Asia.”
Back in 2004, cross-border activity accounted for only a quarter of all deal volume in the retail sector, according to Jeremy Kelly. Today, it accounts for almost half of overall volume. In 2011 and the first half of 2012 there has been a record $46 billion in inter-regional capital flows.
“The World Summit is undeniably the most appropriate setting from which to release such impactful information, as the foremost global leaders in retail real estate will be in attendance,” added Martin.