New York overtook London in terms of investments in commercial real estate - over the year, investments grew by 165%. London, the second city in the world in terms of total investment, is the leader in terms of foreign investment. Tokyo, despite the earthquake, tsunami and the Fokushima disaster, remained in third place. Moscow ranks 20 in the ranking, with investments in $ 5 319 million, which is 11% more than last year. At the same time, St. Petersburg and Moscow occupy 16 and 17 places in terms of direct investment. On average, in Russia, the rate of return on shopping centers is 9,5%.
With the return of economic instability and high volatility of financial markets, investors prefer the quality of projects to their profitability and are looking for investment opportunities in developed markets, the Cushman & Wakefield report said. The document is based on annual results from 4 sq. 2010 by 3 sq. 2011 years.
In 25 cities, where over the past period the largest volume of investments in commercial real estate was observed, over the year the volume of investments grew by 48%, which is much higher than the figure in 41% in other cities. As a result, the top 25 accounts for 54% of the global investment market. The list of leaders has not changed much since last year. 5 of new cities appeared in it: Boston, Atlanta, San Diego, Hamburg and Melbourne, and Sydney, Taipei, Kuala Lampour, Amsterdam and Vancouver lost their positions, the largest increase in investments was observed in US cities.
8 European cities are included in 25 the fastest growing cities in the world. The fastest growing city in Europe in terms of investment growth was Frankfurt, where the two largest deals in the city center for a total of $ 1,6 billion (Deutsche Bank Twin Towers and OpernTurm) were closed.
Although New York is the first city in terms of total investment, London continues to lead in terms of international investment, followed by Paris and New York. Singapore and Beijing rank 4 and 5 in the ranking. International investors prefer cities in Asia and Europe than the United States. New York is the only U.S. city on the list of 25 cities attracting foreign investment. Moscow is at the 19 place of the rating - foreign investors have invested $ 1,206 million, which is 27% more than in the previous period.
Hong Kong attracted the largest amount of investment in the retail sector, mainly through the sale of the Festival Walk mall for $ 2,4 billion. The Rhine Ruhr region in Germany and New York are in second and third positions, while Manchester and London are in fourth and fifth places. Moscow is at 27 place with an investment of $ 917 million
Economic trends and the situation in commercial real estate markets will remain uncertain and vary significantly from market to market. So far, in the medium term, it all boils down to growth in emerging markets, but in the short term there is a lack of factors that stimulate growth, which means that investors will choose a stable income than chase growth, analysts predict Cushman & Wakefield.