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While the risk-off sentiment spread into financial markets all over the world, the transaction volume of Japanese properties shrank for the first time in four years in 2015. The volume of acquisitions of Japanese properties by cross border capital fell short of half of that of the same period one year ago in the second half of 2015.

The total return on ungeared direct property investments was 9.0% in the year to end December 2015.

Against the backdrop of robust urban expansion and industrial upgrading, a series of economic and social changes are likely to take place across a number of key cities are experience a growing need to further upgrade and further develop their industrial parks.