Asian outbound investment in 2014 rose to £26bn – a 23% increase on 2013 – according to new research from CBRE.
London remains the top destination for Asian money but investors are increasingly diversifying their spending, with more money put into different asset types and second-tier cities such as Los Angeles, Paris and Washington.
Singapore became the largest source of Asian capital, with one institution making its first move into Dutch real estate. China and Hong Kong took second and third places.
Aside from offices, hotels were the most popular asset class for investors, accounting for 16% of international spending.
