Commercial property sales total $30 billion in 2015: Savills
Property ObserverApril 12, 2016
High yields and exchange rates lured record overseas investors to to the commercial property market in calendar 2015 according to the Asia Pacific Investment Quarterly Q4, 2015 from Savills.
The report found approximately A$30 billion of national commercial property sales throughout the year with around A$17.2 billion worth of office transactions for the year to December 2015, up 3 percent from the previous year.
Savills recorded approximately A$4.8 billion worth of industrial transactions in the 12 months to December 2015, down from A$5.55 billion
Foreign investors purchased 36 percent of all industrial property sales and 26 percent of all commercial retail stock sold.
