APAC: occupancy rates rise, retail investment up 27% in 2024

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In Japan, the Tokyu Plaza Ginza mall in Tokyo has been acquired in early February for US$1 billion by Gaw Capital and Patience Capital. Meanwhile, JLL reports that commercial property investment in the Asia-Pacific region surged by 27.2% in 2024, reaching US$22.9 billion. This sector outpaced the growth of office and warehouse assets. Retail rents increased by 0.9% last year (compared to 1.3% in 2023), except in China, where the country faced a slowdown in consumer spending. Rents fell by 5.2%

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