Out­bound real es­tate in­vest­ment may hit $20b

China Daily (Canada) - - NEWS CAPSULE -

China’s out­bound real es­tate in­vest­ment has climbed 50 per­cent to $15.6 bil­lion a year to date, fu­eled by in­sur­ers’ grow­ing in­ter­est in boost­ing their real es­tate as­sets al­lo­ca­tion, a re­port showed.

“We are see­ing a struc­tural shift with Chi­nese in­sur­ance com­pa­nies glob­al­iz­ing their in­vest­ment port­fo­lios, in­clud­ing real es­tate,” said David Green-Mor­gan, global re­search di­rec­tor at real es­tate con­sul­tancy firm JLL .

Con­tin­ued loos­en­ing of out­bound in­vest­ment reg­u­la­tions since 2012 is driv­ing China’s in­sur­ance groups to ac­tively seek real es­tate as­sets in gate­way ci­ties around the world, said Green-Mor­gan.

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