Chinese pullback won’t dent real estate prices, Brookfield says

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.

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