Growth in emerging markets in Asia is bolstering the appeal of real estate assets in the region to western investors seeking to diversify their portfolios.

Transaction volumes in commercial real estate in Asia Pacific are on course for the strongest year of deals since 2007, according to Jones Lang LaSalle, a property consultancy. The volume of deals reached a record $89.6 billion in the nine months to the end of September, which was a 25% increase from the same period last year.