JONES Lang LaSalle has been ranked the top real estate investment advisory firm in Asia Pacific in 2012 after increasing its market share by 10%, according to Real Capital Analytics (RCA).
During the year, the firm’s capital markets team advised on over $US13.7 billion of commercial real estate transactions in Asia Pacific, equating to 33% market share in the region.
JLL was also the number one ranked in all sectors across Asia Pacific; office, industrial, hotel, apartment and retail.
JLL Asia Pacific capital markets head Stuart Crow said in 2012, the agency closed over 170 deals across the region and increased its market share by almost 10%.
“We have witnessed strong demand for larger assets in core markets from large Asian, European and North American investors, with many increasing their portfolio allocation to real estate. We anticipate further single asset and co-investment deals in some of the core markets in 2013,” Crow said.
The highlights for JLL in the region included:
· The largest regional asset transaction of 15 modern logistics facilities in Japan for $US1.6 billion. Global Logistics Properties Limited and China Investment Corporation entered into a 50:50 joint venture to acquire the 770,989 sqm portfolio.
· The largest hotel transaction in Australia – sale of three Marriot hotel properties in Sydney, Melbourne and Brisbane at $AU427 million.
· The largest single asset transaction in Singapore – sale of 50% interest in NEX shopping mall to Mercatus Co-operative for $US655 million.
· The largest retail mall transaction in Guangzhou – sale of Everbright Mall to Pramerica Real Estate Investors for $US318 million. This was also the city’s first investment acquisition of commercial real estate by foreign institutional investor.
· The largest agency negotiated real estate transaction in Australia post-GFC – sale of a 50% ownership stake in three of Centro Retail Australia’s flagship regional shopping centres for $US711 million to the Perron Group.
· First decentralised en-bloc office transaction to an international investor in Shanghai – acquisition of Waterfront Place by ADF Dragon Limited.
· First Maldives hotel sale to a Singapore-based REIT – sale of Angsana Velavaru resort to CDL Hospitality Trusts.
· First 100% interest in a regional shopping centre to transact in Sydney in nearly ten years – sale of Top Ryde City to Blackstone for $US359 million.
· Largest sale of a decentralised single commercial asset in 2012 – sale of 456 Alexandra Rd in Singapore for $US310 million.
Property Review
