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Israel rose to seventh place in the United Kingdom’s JLL 2024 annual report on investment in the European real estate sector, up from eighth the previous year, while also climbing from 12th to 10th place among investors in the U.S. market.
According to the report, Israel saw a 78% surge in real estate investment in Europe over the past year, rising from $1.3 billion in 2023 to $2.33 billion by the end of 2024. The growth is attributed to strong investment by Israeli publicly traded companies, pension funds, insurance firms and private investors, with a continued focus on commercial real estate assets.
The United States topped JLL’s rankings for investment in European commercial real estate, followed by France, the United Kingdom, Sweden, Spain and Germany. Israel outpaced countries such as Singapore, Canada, South Africa, the Netherlands, Switzerland, Norway, Italy and Belgium.
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Israeli capital also made its mark in the American market, totaling approximately $578 million. However, unlike the diversified investments seen in Europe, Israeli investments in the U.S. were concentrated in the industrial and logistics sector, which accounted for around $400 million.
The sector has seen heightened demand due to the growth of e-commerce, improved supply chain efficiency and the need for advanced distribution and storage infrastructure. An additional $169 million was invested in office spaces, while just $10 million went to retail properties.
“The 2024 data proves the Israeli investor is no longer trying to find his way in the global market and is acting confidently, strategically and cleverly,” said Ziv Mor, head of real estate investment at JLL Israel. “The sharp rise in Europe and the stability of figures in the U.S. reflect the Israeli investor's ability to have a deep understanding of the markets and the knowledge to operate in them.”