資本市場

變化的景觀

新冠疫情將對亞太地區的商業不動產產業產生深遠影響。疫情雖然為本已遭受重創的零售業雪上加霜，卻也透過蓬勃發展的電子商務產業為工業地產注入了新的活力。許多B2C企業被迫迅速調整經營模式，因為許多市場的封鎖和出行限制促使零售活動大幅轉向線上。這些轉變在很大程度上推動了整個地區的線上零售額成長和滲透率提升，而這與市場成熟度無關。. 

當我們觀察亞太地區幾個重點市場的線上零售滲透率成長率時，這一點顯而易見。 2020年，這些市場的線上滲透率平均每年增長14%。我們預計這種成長在短期內不會放緩，滲透率應該會進一步提高，並有可能達到中國大陸和韓國等區域領先市場。. 

雲端運算、人工智慧與 5G 加速全球資料中心發展與投資成長

根據高纬环球的《全球数据中心市场比较》，数据中心曾经是全球企业的后顾之忧，如今已成为信息经济的基石，在过去十年中，已有超过 $1000 亿美元涌入该资产类别。.

全球市場比較是第一份同類型的資料中心報告，公開討論選址和投資的頂尖市場並對其進行排名。本研究揭示了高纬环球代表客户开展所有数据中心工作的思维过程，提供了严谨的分析方法，以实现最大价值。.

本研究評估了全球 1,189 個資料中心，利用獨特的加權方法對 48 個全球市場進行排名，並得出我們的整體十大外部連結市場。.

Market turnaround: Recovery could deliver 50% uplift in global investment in 2021

Colliers anticipates a 50% surge in investment activity in the 2nd half of 2021 as global real estate markets rebound

With investors sitting on substantial amounts of dry powder and looking to make up for lost ground, Colliers expects total investment activity to increase by up to 50% in 2021. Our Global Investor survey results highlight that 98% of investors across all regions aim to expand their portfolios this year, with around 60% looking to expand by more than 10%, including 23% who want to expand by 20% or more.

Acquisitions to pick up pace in Q2 as market challenges ease

The roll out of COVID-19 vaccines will have a very positive impact on markets and global geo-political stability, courtesy of a Brexit trade deal and a U.S. election result, provide much needed certainty. These factors will help drive market growth in 2021. Although a large proportion of investors are looking to get out of the blocks early and identify acquisitions in Q1, Colliers experts believe the rebound in activity will gain strength from Q2 onwards due to lingering uncertainty over travel in the first quarter.

Tier-1 city offices remain the asset of choice

Reports of the ‘death of the office’ appear premature, with offices remaining the primary asset target globally. The scale and liquidity of the office sector in major commercial hubs like New York, London and Sydney allows investors to readily transact, supporting core, core-plus and value-add strategies. Re-positioning office assets to meet health, sustainability and technical benchmarks is a clear investor priority, delivering value for the long term.

儘管全球大部分地區的房地產市場在進入今年第二季度後加速放緩，但全球兩個主要城市（均位於中國）的收購趨勢卻轉趨正面。全球成交量在今年三月左右開始減弱，但亞太地區的疲弱勢頭早已顯現，因為該地區前十大都會區在第一季均出現雙位數字的跌幅。相比之下，歐洲和美國超過半數的主要都會區在本季較後時間因經濟停工和旅遊限制而錄得交易活動增加。.

The year to 31 December 2018 was characterised by a record level of overall activity of NZ$1,698.9m, an increase of $709.3m from 2017 ($989.6m) and significantly above the average of $870.2m since the first survey in 2003.

Mid-market investment activity continued to be strong in 2018 resulting in $245.0m in investments, albeit down from a high of $333.7m recorded in 2017. Divestment activity with disclosed deal values has increased to $100.8m in 2018 from $62.4m recorded in 2017.

Meanwhile, 2018 was a record year for VC activity. Investments have increased to $269.7m, with divestments decreasing in the period. Buy-out activity has continued, but at a lower level than the 2016 peak, with $579.0m of investments and $503.4 divestment activity

The EY Global Private Equity Divestment Study focuses on how PE should approach their exit strategies in a resilient yet volatile marketplace. The 2019 report is based on 100 interviews with global private equity executives. The survey was conducted between September and November 2018 by Acuris.

In the past 12 months, we have seen…

The EY Global Private Equity Divestment Study focuses on how PE should approach their exit strategies in a resilient yet volatile marketplace. The 2019 report is based on 100 interviews with global private equity executives. The survey was conducted between September and November 2018 by Acuris.

In the past 12 months, we have seen attractive valuations and competition for assets as private equity (PE) firms divest portfolio companies. After an extended period of elevated dealmaking, PE exits leveled off in 2018. However, by historical standards, exit activity remains high and many firms anticipate this strong pace to continue in 2019.

This full year edition of the New Zealand Private Equity and Venture Capital Monitor consolidates the findings from previous surveys and provides a more detailed review of 2018 including commentary on the industry from the New Zealand Private Equity & Venture Capital Association’s (NZVCA) Chair.
 

“Increasing optimism bodes well for 2019 to continue the strong growth.” ~ Brad Wheeler Partner, EY

The appetite for alternative investments among Japan-based institutional investors has become the subject of much conversation. Recent economic developments in Japan have pushed many institutions to expand their horizons in the search for yield, and now two-thirds of the country’s institutional investor base invests in at least one alternative asset class.

科技正在改變全球商業運作方式，從製造業到服務業，各行各業都在以多種方式逐漸感受到這種影響。房地產行業也不例外，它已經開始體驗到科技為企業營運核心帶來的活力。.