Saver interest in profitable real estate has persisted as the look for for high-yield investments carry on. Two new first public offerings: Mapletree Industrial Trust and Global Logistics Properties were both 15 times oversubscribed. Year-to-date from end to end September, reits and funds have raised around $70bn (£43.9bn) in capital, according to data from CoStar.
The course in interest in commercial real estate has been single-minded in part by an upswing in real estate fundamentals in the third quarter. The supply of new real estate is at celebrated lows and as banks thrash about with outstanding building loans, the scene for new building is dim.
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