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Real Estate

Sales Activity in Australia Off to a Slow Start in 2021

Source: https://www.rcanalytics.com/ausct-overview-q1-2021/

Commercial real estate activity in Australia started 2021 on a weak note, as the pandemic continued to weigh heavy on investor minds, the new edition of Australia Capital Trends shows.

Deal volume in the first quarter fell 19% from a year prior. The start of 2021 was expected to bring a flurry of deal closings which had been ostensibly delayed by slower approvals from the Foreign Investment Review Board, but the flurry did not materialize.

The industrial and hotel sectors fared badly at the start of the year, with transaction activity for industrial properties falling back 58% and for hotel assets by 78%. Whilst the industrial sector remains much in demand (and the multibillion-dollar Blackstone Milestone Portfolio in the pipeline), the hotel sector is still thwarted by uncertainty surrounding travel restrictions and border openings.

The office and retail sectors gained some ground after a torrid 2020 thanks to several notable deals. The largest deal of the quarter was one that fell through in 2020 with the onset of the Covid-19 crisis. The Martin Place South Tower in Sydney’s CBD was acquired by a joint venture between Investa Property Group and Manulife Financial. Retail sector activity in the first quarter outpaced three of the prior four quarters.

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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Data is changing the speed of business. Investors, Corporations, and Governments are buying new, differentiated data to gain visibility make better decisions. Don't fall behind. Let us help.

DATA PROVIDER SPOTLIGHT

ForwardKeys

ForwardKeys is one of the leading travel analytics firms that provides investment firms with alternative and predictive data on the travel industry. Data is offered both on the demand and the offer-side of the aviation market.

Actual Air Reservations is an aggregation of flight bookings made via the Global Distribution Systems. Exclusive agreements make that global travel data is available, including regions that are generally difficult to track. This data contains valuable insights into the profile, behaviour, and impact of events on past, present and future air travellers.

Seat Capacity provides insights into the scheduled flights from 99% of global commercial airlines.

Financial institutions use this data for artificial intelligence and predictive models to forecast the performances of businesses. Combined, the datasets can provide insights into the financial health of businesses operating in the travel and tourism industry. This list contains companies like airlines, airplane leasing companies, oil companies, hotels and travel agencies.