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Offshore investors flock to Australian property: CBRE

Posted on 29 September 2011

Foreign investors accounted for a third of commercial property transactions in Australia in the first nine months, the highest share in nearly two decades, with Asian investors stepping up their presence, data showed on Wednesday.
Offshore investors snapped up A$2.15 billion ($2.14 billion) of commercial real estate in Australia during the period, accounting for 33 percent of overall sales, the highest since 1994, property services firm CB Richard Ellis said on Wednesday……………………………………….Full Article: Source


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