GLS tenders played a significant role in the investment volume.The investment volume also fell across segments, with the commercial sector posting the largest decline of 52.7% QoQ.
Residential sales also declined 47.6% QoQ to $1.8b. The sector was boosted by the GLS sites, increasing the residential transaction volume by $1.2b. Excluding GLS deals, the retail sector accounted for the biggest chunk of the investment volume at 40%, followed by hospitality and industrial sectors .
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