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Update Dallas | A central hub for market and real estate news affecting the Dallas region.

A central hub for market and real estate news affecting the Dallas region.



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The Robbie Report: Chinese Investments in U.S. Pick Up in 1st Quarter

May 8th, 2013 | by The Update
The-Robbie-Report-Chinese-Investments-in-U.S.-Pick-Up-in-1st-Quarter.jpg

After a weak fourth quarter 2012, foreign direct investment transactions by Chinese firms in the U.S. are trending up again, and with more than $10 billion worth of deals announced or pending the pipeline is stronger than ever, according to a new report by Thilo Hanemann of The Rhodium Group.

The Fort Worth Star-Telegram reports this week that China’s richest people are stepping up investment in U.S. real estate and other foreign assets as they try to preserve their fortunes in the face of a fast-changing economy.

Some details from Hanemann’s report:

Inflows are picking up again and more deals are lined up: In first-quarter 2013 Chinese firms completed eight merger and acquisition transactions and nine greenfield projects, together worth $2.2 billion. Chinese U.S. acquisitions currently under discussion or awaiting regulatory approval amount to more than $10 billion, the strongest pipeline we have ever recorded.

Private firms are stepping up their U.S. investment: In the past 15 months, private Chinese firms spent more on U.S. deals than in the 11 years before combined. In the same period they accounted for 80 percent of transactions and 50 percent of total transaction value, a dramatic change compared to previous years when state-owned firms dominated Chinese capital flows to the U.S.

Chinese firms are increasingly capable of managing complex deal risks: The recent track record of Chinese investors illustrates that they are increasingly capable of closing complex transactions and successfully operating in the U.S. regulatory and political environment.

What does that mean for the Metroplex? The Dallas-Fort Worth continues to position itself as a vibrant, stable economy for Chinese investors. The Dallas Economic Development organization lists these reasons why Dallas is so attractive:

  • Dallas is part of the 4th largest metro area and 6th largest economy in the US and 7th richest by per capita income
  • Dallas is the largest metro economy in Texas, 14th largest in the world ($300 billion+)
  • Region adds an average of 187 new jobs and 470 new residents daily
  • General unemployment rate below national average
  • Young and highly educated work force
  • Ranked 3rd in U.S. corporate headquarter locations with 10 Fortune 500 company headquarters (20 in DFW)
  • International logistics and transportation hub – Central location leveraged by transportation assets (DFW Airport, IIPOD, 5 interstate highways, 3 class-one rail lines, 3 rail intermodals)
  • Technology (229,500 high tech jobs)
  • Balanced economy (no sector over 20%)
  • Low cost of living/doing business

 

Click here to read the full report from the Rhodium Group.

Briggs Freeman Sotheby’s International Realty is Dallas’ luxury real estate leader, with more than 190 agents in five offices located throughout the Metroplex and access to the global Sotheby’s network, including more than 11,000 agents in 600 offices worldwide. For more information on escapes and second homesranch and land, and luxury homes in the Dallas-Fort Worth region and beyond, go to briggsfreeman.com.

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