The significant increase in global commercial real estate investment witnessed in 2010 compared to last year was bolstered by cross-border buying, it has been suggested.
Research from Jones Lang LaSalle has found that commercial investment during the first half of 2010 totalled USD 132 billion - almost double the level seen in the period during 2009 (USD 76 billion).
Added to this, the financial and professional service firm reported that cross-border activity now stands at over 40 per cent of the total investment.
Jones Lang LaSalle claims that this is reflective of the renewed confidence in the market and also of the search for good value by buyers.
Alistair Meadows, director of the International Capital Group for Asia Pacific, said, "The return to pre-crisis levels of cross-border investment has also signalled increased activity from Asian buyers in major international markets.
"Cross-border capital from both institutional and private Asian investors in Malaysia, Singapore, Hong Kong and Korea will continue to make a major impact on tier one global markets."