Thursday 31 March 2016 Property commercialRealEstate The Australian Financial Review | www.afr.com AFR Commercial Real Estate.com au Yield hunters still hungry for commercial stock Robert Harley on the market was at a record high. "Highly liquid capital markets are for commercial real estate assets in buildings in Sydney, the question was For the full 2015, JLL counted supporting strong pricing levels in sey- Australia. whether the capital would buy at yields Commercial property sales topped $30.89 billion worth of sales of office, eral key eastern seaboard markets,"he "Investors are looking to place cap- of less than 5 per cent $41 billion in the March quarter, up retail and industrial property at prices said. ital in a market underpinned by relat- "Investment activity is expected to marginally on the 2015 first quarter, In excess of $5 million. "While economic and financial mar- ively solid economic fundamentals, remain firm over the balance of the global real estate group JLL figures JLL's head of office investments, ket volatility in emerging markets, par- healthy physical markets and strong year, although we expect a greater pro- show. Australia, Rob Sewell, forecast sales ticularly throughout Asia, placed an rental growth prospects, particularly in portion of capital to shift towards non- The number reflects some carry. volume this year will be less because of initial pause on investment activity the key CBD markets of Sydney and "BD markets at a greater pace, " he said. over of sales not finalised in the strong a lack of genuine vendors, but not any within the region, we have seen a Melbourne" Mr Sewell also expected volumes 2015 December quarter, when property lack of capital. noticeable increase in investor appetite Mr Sewell said for the best office would rise in Adelaide and Canberra