HONG KONG, May 9 (Reuters) – China’s business assets area witnessed a rise in overseas funding in the first area, accounting for more than a 3rd of the full inflows into the phase, actual property consultancy Cushman & Wakefield said in a file released on Thursday.
Foreign investment accounted for 35 percent of the full investment at some point of the period, in comparison with 31 percent in 2018, the record said.
Total investment into commercial actual property rose 14.6 percent in the first 3 months of 2019 from a year in the past to $12 billion. Workplace space continued to stay the maximum favored asset elegance, followed through retail.
Investments into logistics and co-dwelling sectors also increased throughout the area, it brought.
However, there has been a drop in leasing interest, as co-working area operators pulled lower back and plenty of other occupiers sought to lessen occupancy charges, ensuing in a 5-yr low of internet absorption of 474,000 rectangular meters, compared to 1.4 million square meters a yr ago.
“This is growing a few engaging investment possibilities at increasingly attractive pricing, though we word an increasing investor desire for stabilized coins-float generating property rather than a product with the higher rent-up chance,” stated James Shepherd, dealing with a director – Greater China Research, Cushman & Wakefield. (Reporting via Clare Jim; Editing by way of Rashmi Aich)