According to our first estimations, Asian investment in Europe since the beginning of the year reached €23.2bn in Q3. This is a 57% increase compared to the same period last year. And the trend is set to further accelerate. Indeed, we anticipate the Asian investment volume in Q4 will be well above the volume accumulated during the first three-quarters of the year, approximately €18bn. This will bring the annual Asian outbound investment volume in Europe to €41.2bn, which is 2.5 times higher than the volume recorded in 2016.
Such an apex is notably due to the large pan-European Logicor logistics portfolio sold by Blackstone to China Investment Corp (CIC) for €12.12bn, which will mark the largest investment transaction in European real estate history. A portfolio of 630 distribution centres across 17 European countries totalling 13.6 m sq m. Over 70% is concentrated in the UK, Germany, France and Southern Europe.
Source : Savills