Global Q3 Investment Strength Hits $69B

CHICAGO-Investment in Asia and the Americas is up, and down in Europe and the Middle East, but overall global investment continued to show strength in the third quarter, according to a Jones Lang LaSalle Q3 Global Capital Flows report. Volume has hit about $202 billion so far this year, much higher than the $139 billion transacted for the same period in 2009.

As in the United States, global capital is still fighting over quality assets, resulting in yield compression and a substantial rise in values across many of the leading office markets, from London to Washington DC to Shanghai, according to JLL. The Chicago-based firm expects volumes to reach up to $290 billion for the year, representing an almost 40% increase on 2009’s total figure. “Further growth in volumes is expected in 2011, with cash-rich investors widening their geographic search, pushing into value-added opportunities and eventually into secondary stock,” said Arthur de Haast, head of the international capital group at JLL.