1、1For professional investors only.All investments involve risk,including the possible loss of capital.Amid a downturn we spend a lot of time figuring out what is going on across our regional markets and why,before we can turn to forecasting.This downturn is no different.But it is also no different be

2、cause,as with other downturns,there is always a unique set of factors that make for submarket and subsector stories that are hidden from the wider analysis.Such stories help point to opportunities that would otherwise be missed.This quarter the research team focuses on what opportunities there are g

3、iven differences in relative value and resilience beneath the regional and sector headlines.REF:007303QUARTERLY INSIGHTSINVESTMENT RESEARCH02ASIA PACIFICWhat Will a China Reopening Mean for APACs Real Estate Markets?Will Rent Reversion Help Support Logistics Values?06EUROPEHow is falling liquidity a

4、ffecting pricing in European real estate markets?What should investors look for in these challenging conditions?10UNITED STATESShifting Apartment Winds Whats the Outlook for Relative Market Performance?What Industrial Markets Might See the Biggest Slowdown in an Economic Downturn?2For professional i

5、nvestors only.All investments involve risk,including the possible loss of capital.Key Themes What Will a China Reopening Mean for APACs Real Estate Markets?Will Rent Reversion Help Support Logistics Values?What Will a China Reopening Mean for APACs Real Estate Markets?Chinas reopening will be positi

6、ve for APAC economies and real estate markets,although the impacts will be uneven across countries and sectors depending on levels of exposure to China.There are several markets that will particularly benefit from the border reopening.With nearly a third of enrolled students coming from overseas of