The 2015 Annual Meeting of the World Economic Forum starts tomorrow. This marks our seventh year in Davos, and the members of the JLL team attending will take full advantage of the opportunities presented by this annual global event. We will:
- Meet with top managers of JLL and LaSalle Investment Management clients to develop or expand our relationships, and to learn more about how to help them address issues, challenges and opportunities they identify.
- Introduce the firm to prospective new clients.
- Connect with representatives from government, public sector, academic and social organizations throughout the world to expand our understanding of key global issues.
We’ll spend a lot of time listening and learning in Davos. But we’ll also contribute to the conversation.
JLL is a Strategic Partner of the World Economic Forum, one of only 100 leading organizations to earn this distinction. In that role, we’ve partnered with the WEF to develop an in-depth study of real estate market volatility. Our research indicates that changes in real estate cycles are usually caused by forces and events outside the real estate sector: shifts in global economic cycles, for example, financial deregulation or re-regulation, changes in cross-border investment rules, and political or economic events. But once they occur, real estate markets often spread them to other economic sectors. I will present our research findings later this week in Davos.
At the meeting we’ll also discuss JLL’s ‘2015 City Momentum Index,’ which examines a range of real estate and socio-economic factors to determine what makes cities dynamic and attractive for future opportunities. The 2015 CMI is led by London, San Jose (California), Beijing, Shenzhen, and Shanghai. Six new cities join the group this year: Ho Chi Minh City, Sydney, Dublin, Nairobi, Melbourne and Nanjing.
And we’ll present research on real estate investment levels. Direct investments are expected to have reached USD 700 billion in 2014, matching pre-recession levels of 2006. Initial projections for this year indicate a 5-10 percent increase in 2015.
My colleagues and I look forward to speaking with you this week as we post entries to this blog. We’ll describe what we’ve done, comment on the sessions we attend and share thoughts about the people we meet and the mood we encounter in Davos. We hope you will add your own comments and share our thoughts with your clients and friends.