Offshore appetite for Australian commercial real estate is strong, investment advisers say, The Australian Financial Review reports.
According to the newspaper, The Trust Company Ltd general manager of corporate clients Andrew Cannane told a Melbourne panel discussion foreign investors are eyeing around 300 prime commercial properties in Australia.
UBS head of Asian real estate Kim Wright told the panel investors are concerned about markets like China, while the advantage in Australia is the rule of law.
Foreign investment is set to keep pouring into prime CBD commercial property despite vacancies rising, the panel agreed.
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Advisers say foreign demand for local commercial property is strong: report.
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