The flow of Asian investment into European real estate is set to grow significantly over the next six to 10 months, according to DTZ's Paul Boursican.
The flow of Asian investment into European real estate is set to grow significantly over the next six to 10 months, according to DTZ's Paul Boursican.
Speaking to PropertyEU during the recent ULI Trends conference, Boursican eluded to a number of high-profile recent or pending transactions by Chinese investors.
Last year Chinese insurer Ping An hit the headlines when it acquired the Lloyds headquarters in London for about €300 mln. 'There is another insurance company buying in Canary Wharf right now and another life insurance company from China seeking to buy in Paris,' said Bouriscan.
Boursican is DTZ's head of international capital markets for the EMEA region.
Capital from other Asian countries is also making its presence felt, he added: 'Now for the first time a Taiwanese investor is currently bidding [on an asset] and the Koreans - the usual suspects - are everywhere. They are not only buying in London, they are buying across Europe: France and Germany so it is definitely a growing trend.'
CLICK HERE to watch the interview with Paul Boursican and other videos from the ULI Trends conference.
