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ME global real estate investments reach USD11.5b in H1
(MENAFN) During the first half of 2015, USD11.5 billion of capital flowed out of the Middle East into direct real estate globally, according to the latest research from global property advisor CBRE Group.
London remained the main beneficiary of investment during the first half of 2015,receiving USD2.8 billion and representing 24 percent of Middle Eastern outbound capital.
Notable deals included the USD2.47 billion Qatar Investment Authority's acquisition of Maybourne Hotels and the USD110 million purchase of the London Midtown office by a private investor.
Hong Kong came in second with USD2.4 billion, followed by New York with USD1.1 billion. In 2014, total Middle East outbound investment stood at USD13.8 billion.
London remained the main beneficiary of investment during the first half of 2015,receiving USD2.8 billion and representing 24 percent of Middle Eastern outbound capital.
Notable deals included the USD2.47 billion Qatar Investment Authority's acquisition of Maybourne Hotels and the USD110 million purchase of the London Midtown office by a private investor.
Hong Kong came in second with USD2.4 billion, followed by New York with USD1.1 billion. In 2014, total Middle East outbound investment stood at USD13.8 billion.
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