2021-12-02-高力国际-2022年全球投资者展望报告_46页_11mb

报告摘要

2022 Global Investor Outlook Report Summary

Overview

Global capital markets are rebounding in 2022, with investment volumes expected to match or exceed 2021 levels. Investors are optimistic about economic growth, driven by recovery from the pandemic, and are focusing on long-term strategies tied to social and environmental trends (ESG). Key challenges include rising construction costs and travel restrictions, while opportunities arise from specialized assets like industrial/logistics and data centers.

Key Trends

ESG Integration: Environmental, Social, and Governance factors are increasingly prioritized, with 80% of investors concerned about construction costs limiting retro-fit projects. By 2023, clearer standards are expected to enhance market certainty.
Core Assets & Modernization: The shift to core assets (e.g., tier-1 cities) is accelerating due to agile work policies, boosting demand for high-quality, flexible spaces. Modern methods of construction (e.g., energy-efficient retrofits) aim to address supply shortages.
Regional Focus:
- Americas: Strong interest in industrial/logistics (last-mile distribution, big-box assets) and multifamily housing, driven by e-commerce growth. Dallas and major cities like New York are top locations.
- APAC: Industrial & logistics dominate, with opportunities in I&L development, especially in Japan and Australia. Offices and BTR are also popular in tier-1 cities.
- EMEA: Offices remain key, with London and Berlin leading. ESG is advancing faster in Europe due to regulatory frameworks, but affordability and automation challenges persist in residential/logistics.
Investment Strategies: Alternatives (data centers, life sciences) are gaining traction amid low yields. Direct and indirect investments (e.g., REITs, joint ventures) are prevalent, with partnerships enhancing diversification.
Challenges: Rising construction costs (80% of investors cite as a constraint), travel uncertainties, and ESG reporting gaps hinder investment. Supply constraints in materials and labor affect market activity.

Recommendations

Partnership Focus: Investors should leverage strong local partnerships and joint ventures for access to specialized assets.
Short-Term Actions: Deploy capital into core assets and high-potential regions like Americas and APAC to capitalize on growth.
Long-Term Outlook: ESG integration and technological adaptation (e.g., repurposing retail for logistics) will shape future investments, with M&A and development strategies maturing by 2023.