Brookfield Property CEO says Europe, Middle East investing too
Capital for property ‘comes from a lot of places’: Kingston
By Sarah Mulholland and Erik Schatzker | Bloomberg Markets
Commercial real estate prices, hovering at record highs in the U.S. following a six-year boom, are sustainable even as Chinese regulators tighten restrictions on overseas investment, according to Brookfield Property Partners LP.
There is enough capital pouring into real estate from multiple regions — including Europe and the Middle East — to counter any potential slowdown in Chinese investment, Brookfield Property Chief Executive Officer Brian Kingston said in a Bloomberg Television interview. While Asian buyers are often part of the equation, a global shift from low-yield fixed-income holdings to real estate will drive property values for the foreseeable future, he said.
