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July | August | 2015 Commercial Investment Real Estate
INTERNATIO NAL
BE AT
Colorado-based Vail Resorts purchased the 3,000-acre Perisher Ski Resort in New South Wales, Austra-
lia, for $136 million from Murray Publishers and Transf eld Corporate, according to a company press
release. Perisher is the largest of its kind in the Southern Hemisphere and is the most visited ski resort
in the country. T e property, centrally located among some of Australia's largest cities, represents Vail's
f rst international acquisition. Rob Katz, chairman and CEO of Vail Resorts, announced plans to grant
Perisher season-pass holders the opportunity for unlimited skiing at the company's U.S. resorts. "T is
acquisition is part of Vail Resorts' continued strategy to drive season-pass sales and build loyalty with
guests from around the world," Katz said.
Cross-Border
Intentions
Investors from all sections of the globe are
anticipating increased cross-border transactions
in 2015, according to CBRE's Global Investor
Intention Survey. This continues last year's trend
of a 40 percent increase in cross-border capital
fl ows, compared with a 19 percent growth
in the overall market. Where will investors be
looking? Top three choices are Western Europe,
North America, and Asia.
Retail Average Rents
and Growth, 1Q15
Market Average rent ($psf) Average rental growth
North America $429 7.5%
South America $129 3.0%
Asia-Pacifi c $370 3.6%
Europe $264 2.3%
Middle East & Africa $116 -7.1%
Source: Cushman & Wakefi eld
Ä
Australia's
Markets to
Watch
¬
India is a standout commercial real estate
market, averaging $1 bil-
lion in transaction volume
per quarter for the past six
months as global inves-
tors look to non-core Asian markets for higher
returns. Overall, smaller Asian markets were
up 226 percent YOY in 1Q15, netting $3.2 bil-
lion in transaction volumes, according to JLL.
Investors Looking Beyond Their Borders
Source: CBRE Global Investor Intention Survey 2015
0
10
20
30
40
50
Americas EMEA Asia-Pacific Global
2014 2015
14%
37%
36%
38%
44%
40%
28%
38%
Big Deal