Chinese pullback 'won't hurt commercial property prices in US'

New York

COMMERCIAL real estate prices, hovering at record highs in the US following a six-year boom, are sustainable even as Chinese regulators tighten restrictions on overseas investment, according to Brookfield Property Partners LP.

There is enough capital pouring into real estate from multiple regions - including Europe and the Middle East - to counter any potential slowdown in Chinese investment, Brookfield Property chief executive officer Brian Kingston said in a Bloomberg Television interview. While Asian buyers are often part of the equation, a global shift from low-yield fixed-income holdings to real estate will drive property values for the foreseeable future, he said.