Properties in London, Paris, Tokyo a draw for Taiwan life insurers: CBRE

Taipei

TAIWANESE life insurers seeking higher returns may purchase more properties in London, Paris and Tokyo to increase their total real estate assets by US$9 billion in four years, according to CBRE Group Inc.

Commercial properties in London yield 4 per cent to 5 per cent annually compared with about 2.5 per cent in Taipei, CBRE Global chief economist Richard Barkham said in an interview in Taipei on June 16.