Nov
09
CBRE: Middle Eastern Investors Spent $10B in Global CRE Purchases
ByThe U.S. was the top destination year-over-year as of the second quarter, with volume reaching $3.9 billion.
Despite some investment constraints due to low oil pricing, Middle East investors spent $10.1 billion on global commercial real estate assets in the year between the second quarter of 2016 and 2017, focusing much of their attention on New York City and Washington, D.C.
The U.S. was the top country destination in the time period for Middle East investors with volume reaching $3.9 billion. New York City received $820 million in investments, followed by Washington, D.C., with $469 million, according to a CBRE research report. London, with $1.68 billion in Middle East investments, topped the list…
CBRE: Middle Eastern Investors Spent $10B in Global CRE Purchases
