12.03.2015 - Offshore investors spend record $7bn in office purchases
Offshore investors spent a record $7 billion on Australian commercial office buildings last year, including Chinese companies buying more than $1bn of commercial property for the first time. He said the fall in the Australian dollar had made real estate more attractive, as the report outlined an expectation of increased activity by Chinese investors, sovereign wealth funds and private equity firms. Chinese firms spent $6.7bn on offshore real estate last year, including $1bn of commercial office space in Australia...............................................Full Article: Source
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