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Chairman's Word

Trent Iliffe
Head of Industrial & Logistics
Jones Lang LaSalle

Welcome to the first issue of the CIRE Club—E Newsletter. This is an exciting time in the evolution of the Industrial Real Estate market. It is period of rapid change and growth, both from an occupation and development point of view of Industrial land. We are all experiencing the uncertainty and Challenges associated with changing Government Policy, the impacts it is having on Land values and investment in this real estate sector.

With challenges also comes opportunity. China still has one of the fastest growth rates of rents, land and capital values in the world. This has seen a large influx of new foreign investment, particularly in the Logistics and Business Park areas. The result has seen a sharp drop in investment yields for this type of product, driven by increasing competition, for the limited supply of quality institutional Investment grade assets. This aspect we do not see changing and will be a factor effecting all aspects of the China Industrial real estate market, for a long time.

We hope this news letter can help shape decisions and give insights into this market as it evolves over the coming years. We also look forward to the planned events ahead with all its members and to helping each other as we grow our business in China.