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In 2012, Jones Lang LaSalle recorded 125 major office transactions of over AUD 5 million across Australia, totalling AUD 9.38 billion. The figure is the highest level since detailed monitoring commenced in 1987. Whilst inflated by the inclusion of corporate and entity-level transactions, it remains high with offshore investors continuing to be active participants in Australian commercial property markets. Demand for commercial property will remain relatively firm throughout 2013 as investors seek moderate capital appreciation for commercial property in Australia.
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18 February 2013