Jones Lang LaSalle’s South African Commercial Real Estate Transaction Review reviews investment activity in the commercial real estate market and provides an analysis of key trends observed from investment sales data within the office, industrial and retail sectors.
Highlights from JLL’s Commercial Real Estate Transaction Review – April 2013 include:
There is a shortage of quality assets for sale in the investment market as matured funds are holding on to prime assets.
Compared with 2011, the year 2012 saw a 5% reduction in total recorded sale transactions, down to R16.7 billion from R17.7 billion in 2011.
Most significant transactions were concluded between listed funds with smaller funds picking up secondary grade stock.
Sales are driven by the strategic refocusing of investment portfolios.
There is a widening gap between prime and second tier markets in all sectors.
The report reveals retail and office transactions each carried an equal weighting of 46% of total market transaction value with industrial representing 8% of market activity.
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