Jones Lang LaSalle has released a new report, entitled “Redefining Retail Investment,” and the information is being presented at a time when the industry is focused on the International Council of Shopping Centres (ICSC) 2012 Retail Real Estate World Summit. The summit is being held in Shanghai, and the results could prove to be very interesting.
Over the last 10 years, over $1 trillion in retail real estate has been bought and sold worldwide. On average, global direct investment has accounted for over US $1 billion in activity per year since 2004. Annual volumes hit US $122.5 billion in 2011.
The report identifies China, Brazil, and Turkey as being growth markets for global investors. The Chinese market is an especially enticing one for investors, as it will be the largest consumer market on the planet. The country is projected to become a US $15 billion per year real estate investment market by the year 2020. According to Jones Lang LaSalle, this is the country to watch.