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Japan, Korea deals drive Asia-Pac commercial real estate investment to highest since 2022 

Singapore investors are most active among cross-border deals

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Jessie Lim

Jessie Lim

Published Mon, Nov 4, 2024 · 06:31 PM
    • August saw the closing of a mega S$1.6 billion acquisition by Lendlease and Warburg Pincus, which jointly bought a portfolio of assets comprising business parks and high-tech industrial facilities.
    • August saw the closing of a mega S$1.6 billion acquisition by Lendlease and Warburg Pincus, which jointly bought a portfolio of assets comprising business parks and high-tech industrial facilities. PHOTO: WARBURG PINCUS

    COMMERCIAL real estate investment volumes in the Asia-Pacific in the third quarter have risen to the highest quarterly levels since 2022, driven by lower cost of debt and a surge in interest in Korea. 

    Deals done in the Asia-Pacific recorded 82 per cent year on year growth to US$38.8 billion, said a report by JLL on Monday (Nov 4). 

    Korea was the most active market in the Asia-Pacific in the quarter, with mega-office deals fuelling a jump in deal value to US$8.4 billion, up 31 per cent year on year.

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