Guy Jaquier, president of Europe & Asia and president of Private Capital for AMB Property Corporation (NYSE: AMB), spoke with REIT.com's Matt Bechard during REITWeek 2010.
Jaquier said the company's European operations have remained fairly stable, with demand growing slowly.
As for China, Jaquier points out the perceived real estate bubble exists in China's residential sector and not in the industrial space. He said rents are just now getting back to pre-economic crisis levels. The overall growth of the country's economy and the relatively low supply of industrial space bode well for future growth in the area, he said.
"The country of China has an entire Class-A warehouse stock about one-third of the total in Chicago," Jaquier said.
Jaquier said he continues to see private capital coming into commercial real estate, capital looking for 8-10 percent returns with limited risk. The investors looking for higher returns are currently targeting Brazil and China.