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Global Cities

Think Australia: Identifying 'future-proof' cities

Australia - Identifying future-proof cities
Using our proprietary city-filtering approach, we have identified 90 global cities which are sizable cities with high transparency and stability, backed by megatrends that will increase and transform the demand for real estate over the coming decades. 17 of these cities are located in Asia Pacific. Perhaps unsurprisingly, many of these are either capital or gateway cities or, in the case of Singapore and Hong Kong, city states driven by financial services. This selection contrasts with the much higher number of cities selected for Europe (42), many of which are much smaller and similar in size (by economic output and population). Despite fewer acquisition opportunities, Asia Pacific still has the potential to provide strong regional and intra-regional diversification benefits to a global portfolio.

Out of the 17 Asia Pacific cities we have selected, a third (six) are in Australia and range in population from 400,000 to 5.1 million people, averaging 2.7 million as of 2017.
Issued by Nuveen Real Estate Management Limited, 201 Bishopsgate, EC2M 3BN. Authorised and regulated by the Financial Conduct Authority. Nuveen Real Estate is a name under which Nuveen Real Estate Management Limited provides investment products and services. Nuveen Real Estate is a real estate investment management holding company owned by Teachers Insurance and Annuity Association of America (TIAA). Nuveen Real Estate securities products distributed in North America are advised by UK regulated subsidiaries or Nuveen Alternatives Advisors LLC a registered investment advisor and wholly owned subsidiary of TIAA, and distributed by Nuveen Securities, LLC, member FINRA.