Emerging markets, the report says, are countries wherepopulation, the economy and wealth are growing, as well as health,education and literacy. Additionally, the importance of agricultureto these countries is dropping.

By retail sector, India topped the list for luxury anddepartment stores, and came in fourth place for apparel retailers.Those chains based in Europe, the Middle East and Africa have thestrongest interest in the country, compared to those based in otherregions.

Rounding out the top-five list of the most sought after emergingmarkets were Ukraine, Russia, Malaysia and Turkey. "Rising interestand growing expansion into emerging markets globally is beingfuelled by rapid growth in consumer spending and the 'emergingmiddle class' in many of these countries," said Anthony Buono,executive managing director of CBRE's Retail Services.