Large real estate deals in 2013 have been distributed across the globe in similar proportions between sectors – with the notable exception of development land. This sector is tiny in EMEA and the Americas, but completely dominates real estate markets on the Asian continent. The transfer of land ownership from the state in China plays an increasingly big part in Asian deals.
In the world of commercial and cross-border investable real estate, offices continue to dominate the large deals, with retail coming second – except in the Americas where residential apartments in purpose-built blocks designed for letting are favoured ahead of retail property. Industrial units and hotels represent small asset allocations in all jurisdictions, by value. Residences (as opposed to letting portfolios) are not included in the graph.