LOS ANGELES—Price movements in the US, coupled with improvingprospects overseas, have led US-based investors to increase theircommercial real estate acquisitions in Europe by75% year-over-year, according to the latestresearch from CBRE.
Notwithstanding expanding investment volumes in domesticmarkets, US investors significantly increased their activity inEurope in H1 2014 with $15.5 billion (€11 billion)of acquisitions, compared to more than $8billion (€6.3 billion) in H1 2013. The UKattracted the majority of this investment (36%), withGermany (23%) and France (17%)also favored destinations. Ireland andItaly received over $.75 billion (€.5 billion) ofU.S. investment.
The jump in buying activity from US-based investors was the mostsignificant shift in terms of buyer nationality in Europe, with USbuyers responsible for 63% of cross-regional investment in theregion. Also notable, was the shift to positive net investment fromUS investors. In recent years, sales have nearly matchedacquisitions; however, in H1 2014 alone, acquisitions have exceededsales by approximately $6 billion (€4.5 billion).
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
