Asia Pacific Capital Trends: A Rebound in the Making

Research Paper
February 5, 2025
Preview
Commercial-property investment in the APAC region expanded in 2024, boosted by a series of entity-level transactions including the region's largest deal ever. We analyze the investment trends and provide data across markets and sectors. Asia Pacific Capital Trends highlights:
  • Landmark deal : Blackstone Inc.'s multibillion-dollar acquisition of data-center operator AirTrunk marked the largest APAC real-estate transaction on record.
  • Japan's momentum : It was another record year for transactions in APAC's largest market, with a burst of M&A activity across sectors in the fourth quarter.
  • Mixed markets : South Korea and India rebounded, bolstered by trading of office and industrial buildings, while China continued to lag.
Entity deals boosted 2024 investment volume in Asia Pacific
The bar chart shows annual deal volume in dollars for APAC commercial real estate. The period is 2007 to 2024. Each bar is broken out by individual, portfolio, and entity deals.
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