July News in Brief | Asia Property

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July News in Brief

Published on July 13th, 2015

CPPIB and Indian partner buy Chennai IT park in JV debut deal A joint venture between Canada Pension Plan Investment Board and India’s Shapoorji Pallonji has acquired SP Infocity IT…

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Comment

Property still a safe haven in uncertain times

The weight of capital allocated to real estate continues to grow, with a record $429bn targeting the sector globally, says DTZ. Such is the weight of capital in a sector...

Company Profiles

CARREFOUR

In common with other Western retailers, french hypermarket operator carrefour suffered a recent fall in sales in both asia and china, and is diversifying into other retail formats to continue...

Company Profiles

GUCCI

The luxury retailer’s sales fell 8% and it has cut its prices – and the pace of store openings – in china. But new product lines and a strong online...

Comment

How to go green but stay in the black

As sustainability becomes an increasingly important issue in the real estate industry, fund managers need to work out the optimum level of ‘green’ features to incorporate in each asset without...

World News

Chinese investor and developer Kuafu buys two slices of Big Apple resi market

Kuafu Properties is to spend more than $560m on two New York acquisitions. It will pay World Wide Properties more than $300m for a residential plot, and Related Companies $260m...

News

Ivanhoé Cambridge and APG buy into Shanghai developer

Dutch pensions group and Canadian property firm take big stake in Chongbang Ivanhoé Cambridge and APG Asset Management have invested a total of $920m in Shanghai developer Chongbang Group. The...

News

Prudential’s third pan-Asian vehicle pulls in initial €480m

Prudential Real Estate Investors’ Latest pan-Asian fund has raised €480m ($532m) at its first closing. Asia Property Fund III beat its initial €400m fund-raising target and PREI, which manages $5.3bn...

News

Repeat investors help Pamfleet’s sequel hit $400m

Pamfleet Group’s second real estate fund has raised $400m. The successful fund raising for Pamfleet Real Estate Fund II, which beat its original target by $50m, follows the Hong Kong and...

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SINAGPORE

Office rents have risen sharply, but the city state faces both oversupply and a shortage of stock, with plenty of space due to come on line, but local players reluctant...

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