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JLL named top dealmaker in Asia Pacific

JLL has been crowned the best property investment advisory firm in Asia Pacific for 2016 by Real Capital Analytics (RCA)...

JLL handled US$20.4 billion worth of investment deals in 2016, the highest in the region.

For the sixth year in a row, JLL has been crowned the best property investment advisory firm in Asia Pacific by Real Capital Analytics (RCA), an independent body that analyses real estate transaction volumes worldwide.

According to data published by RCA, the property consultancy handled US$20.4 billion worth of investment deals in 2016, representing 27.5 percent of the market share, or the highest in the region.

JLL also came in tops in three out of six investment categories covered by the RCA ranking, namely in retail, apartments and hotels. In particular, it led the hospitality segment with US$1.8 billion in sales – a 41.8 percent lion’s share.

“We are absolutely thrilled to be recognised for the sixth consecutive year in the RCA ranking,” said Stuart Crow, JLL’s Head of Asia Pacific Capital Markets.

He noted that property transactions in the region reached a record high last year in terms of value, given the entry of new investors, including sovereign wealth funds along with pension and insurance funds.

“These investors – whether they are in the region or outside – are allocating more capital to real estate so we expect to see more big deals and continued healthy volumes in 2017,” Crow added.

Furthermore, JLL is upbeat on upcoming hotel transactions.

“The hospitality sector continues its upward trend in Asia Pacific, so we are seeing a strong pipeline of deals for 2017 and beyond. In particular, we’re hearing from investors that they’re excited about opportunities in Japan, Greater China and the Indian Ocean,” said Scott Hetherington, CEO of JLL’s Hotels & Hospitality operations in Asia.

 

Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg