Panel: Global Connectivity Affects Investment

CHICAGO-Two security experts, former Secretary of State William Cohen and former Sen. Chuck Hagel, talk with JLL’s Peter Roberts about the world markets.

CHICAGO-Interconnectivity matters more than ever to the success and failure of world finance and real estate markets, according to a panel of security and political experts at the DLA Global Piper Real Estate Summit 2010 held here on Tuesday. Former Secretary of Defense William Cohen and former US Sen. Chuck Hagel discussed the interdependent global market situation with Peter Roberts, CEO of the Americas for Jones Lang LaSalle.

As an example of success, the panel pointed to China, which has become the major real estate market due to tight governance and heavy demand for consumables. Cohen said a recent $16 billion deal between China and Venezuela for oil drilling shows the impact of Chinese demand. The country by itself uses 12% of the world’s resources, and together with India uses 20%. Every real estate company is trying to get a piece of China today.

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