April News In Brief | Asia Property

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April News In Brief

Published on April 12th, 2014

Blackrock set to offload Kuala Lumpur towers development Blackrock is selling Kuala Lumpur’s twin office tower Intermark development for around MYR2.2bn ($800m). The scheme, developed by MGPA Asia Fund II,…

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Market Talk

APRIL 2014 MARKET TALK

“We are approaching a period of rental growth all over the regIon” Jeremy Sheldon, JLL’s head of Asia pacific markets, gets excited about the region’s occupier market at a hong...

Comment

A collapse or two is no cause for concern

You don’t get to be China’s largest listed residential developer by being stupid, so it is worth paying attention to recent pronouncements by the leadership of China Vanke. The received...

Companies & People

COMPANIES & PEOPLE

Verwer fills top spot at APREA Peter Verwer has been appointed chief executive of the Asia Pacific Real Estate Association (APREA) and will take up the post at the start...

News

Maeda quits PREI in Japan for role with Deutsche

Koichiro Maeda has left Prudential Real Estate Investors and is understood to be joining Deutsche Asset & Wealth Management. Maeda was managing director and portfolio manager for PREI (Japan), based...

News

Hong Kong’s Franshion to list hotels spin-off

Hong Kong-listed China developer Franshion Properties plans to raise new equity via a separate listing of its hotels arm. The hotels business generates RMB2.1bn ($338.8m), around 10% of the group’s...

Survey

Koreans add debt card to safe foreign property play

Safety remains a strong priority for Korean institutions investing abroad, but as the core western markets they favour become overpriced, they are considering investing in property debt too Korean investors...

World News

Asian consortium pays £528,000 per room to check into London hotel

A consortium of Asian investors has bought the Marriott London Grosvenor Square Hotel for £125.15m ($209.6m). Joint Treasure International paid US listed hospitality group Strategic Hotels & Resorts £528,000 per...

Analysis

Sydney surfs a wave of interest from Asian investors, even as tide goes out for office leasing market

The heat is on in big Australian cities, with keen pricing on office sales driven by high-net-worth individuals and sovereign wealth funds looking for security. Tenants, meanwhile, are only lukewarm ...

News

Gaw leads $928m purchase of Beijing’s Pacific Century Place

A Gaw Capital-led consortium has bought Pacific Century Place in Beijing for $928m from Pacific Century Premium Developments, the real estate arm of Richard Li’s PCCW. “This is a rare...

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