The trajectories of deal volume and deal count continue to weaken for the Americas, the latest Real Capital Analytics data indicates, while in Asia Pacific and Europe the picture is little changed.
The concaved path of deal volume in the Americas indicates a deepening slump. At day 220, deal volume was 37% lower than the same point in 2019 and the number of deals was down 40%, according to Real Capital Analytics data. The weekly pace of dealmaking in July was slower than that of April, the first full month of sweeping coronavirus lockdowns.
In Asia Pacific, volume is down 40% year-over-year and the deal tally 34% lower than 2019. Activity in China rebounded in the second quarter, as reported in the latest edition of Asia Pacific Capital Trends, though all other major country markets posted double-digit declines in transaction volume.
In Europe, the Middle East and Africa (EMEA), the year-over-year decline stands at a shallower 19% for volume of income-producing properties, though the deal count is 34% lower, a figure little changed since RCA’s previous observation of global deal activity.
The distinction between deal volume and deal count in EMEA reflects the continuation of some big transactions, including two July deals which crossed the billion-euro threshold. Singapore-based GLP bought a Central European logistics portfolio to double their distribution space in Europe, and a Swiss mall was sold in a partial leaseback deal by supermarket chain Migros to Swiss Life.
To learn more about the data behind this article and what Real Capital Analytics has to offer, visit https://www.rcanalytics.com/.
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