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Global investments rose 14% in 2011 to US$727bn (US$808bn including multifamily) and volumes are now 83% up on their 2009 lows.
North America was the star investment performer over the year as a whole, with commercial property volumes rising 52% versus a 17% increase in EMEA, 9% in Latin America and just 0.5% in Asia Pacific.
However it was a year of two halves, with the second half slower and more cautious in most markets.
All regions did see robust demand for core well-let assets and activity was also boosted by investors' search for inflation-proofed incomes.
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