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As confirmed by latest Real Capital Analytics data
SINGAPORE, 5 March 2012 – Jones Lang LaSalle has been ranked the number one real estate investment advisory firm in Asia Pacific in 2012, according to recently released independent data from Real Capital Analytics (RCA).
The firm’s capital markets team advised on over US$13.7 billion of commercial real estate investment transactions in 2012 in Asia Pacific, equating to 33 percent market share in the region. The firm was also the number one ranked firm in all sectors across Asia Pacific; office, industrial, hotel, apartment and retail.
Stuart Crow, Head of Asia Pacific Capital Markets at Jones Lang LaSalle commented: “In 2012, our teams closed over 170 deals across the region and increased our market share by almost 10 percent. We have witnessed strong demand for larger assets in core markets from large Asian, European and North American investors, with many increasing their portfolio allocation to real estate. We anticipate further single asset and co-investment deals in some of the core markets in 2013.”
Jones Lang LaSalle Asia Pacific Capital Markets 2012 highlights:
· Largest regional asset transaction for 2012 – sale of 15 modern logistics facilities in Japan for USD 1.6 billion. Global Logistics Properties Limited and China Investment Corporation entered into a 50:50 joint venture to acquire the 770,989 sq m portfolio.
· Largest hotel transaction in Australia – sale of three Marriot hotel properties in Sydney, Melbourne and Brisbane at AUD427 million.
· Largest single asset transaction in Singapore – sale of 50 percent interest in NEX shopping mall to Mercatus Co-operative for USD 655 million.
· Largest retail mall transaction in Guangzhou – sale of Everbright Mall to Pramerica Real Estate Investors for USD 318 million. This was also the city’s first investment acquisition of commercial real estate by foreign institutional investor.
· Largest agency negotiated real estate transaction in Australia post-GFC – sale of a 50% ownership stake in three of Centro Retail Australia’s flagship regional shopping centres for USD 711 million to the Perron Group.
· First decentralised en-bloc office transaction to an international investor in Shanghai – acquisition of Waterfront Place by ADF Dragon Limited.
· First Maldives hotel sale to a Singapore-based REIT – sale of Angsana Velavaru resort to CDL Hospitality Trusts.
· First 100% interest in a regional shopping centre to transact in Sydney in nearly ten years – sale of Top Ryde City to Blackstone for USD 359 million.
· Largest sale of a decentralised single commercial asset in 2012 – sale of 456 Alexandra Road in Singapore for USD 310 million.
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