May 2014 | Asia Property

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News

Norway’s $865bn oil fund to drill into Asian property field

Sovereign fund’s Asian real estate investment strategy is expected to focus on Japan first, then Australia  The Norwegian state’s $865bn oil fund is set to make its first real...

Diary

MAY - DIARY

Sony seems an unlikely player in property services game Sony, creator of the Walkman and the PlayStation and on target for a $1.1bn loss for the year to 31 March,...

Companies & People

MAY - COMPANIES and PEOPLE

Savills set to swallow studley in US Savills is set to buy US brokerage Studley for up to $260m. The proposed deal would add 400 brokers and 175 support staff...

Comment

EDITORS COMMENT

The core real estate space will get very crowded over the next year or so. As we revealed in April, Morgan Stanley is plotting a core Asia fund and a...

Comment

No big bang for China housing bubble

While many of China’s housing developers are in trouble, fears of a financial meltdown as the house price bubble bursts have been overplayed. Deflation of the bubble, backed by more...

World News

Defaults force City’s Gherkin into receivership

The Gherkin, the iconic office tower at 30 St Mary Axe in the City of London, has been placed in receivership. The building is well leased, but continuing defaults, which...

News

$300m fund aims at Indian offices

Large global investors are continuing to allocate more to Indian real estate, as APG Asset Management and Xander Group launch a $300m office fund. The Dutch pensions group led an...

Analysis

Unlisted Asian property funds give solid 2013 performance on a bigger ANREV stage

Open-ended funds outperform in Asia, as unlisted funds body’s expanded index reports overall rise in returns, while sister organisation’s new global index shows US was strongest region  Asian unlisted property...

News

Gaw takes Dongja 8 stake in debut Seoul deal

Hong Kong’s Gaw Capital Partners has made its first Seoul investment, a 75% stake in a new development, for around $200m. The firm’s $1.025bn Gateway Fund IV bought the office,...

News

May - News In Brief

Lotte calls off REIT listing Lotte Shopping has postponed the listing of a real estate investment trust in Singapore, which was slated to raise up to $1bn, backed by retail property...

Company Profiles

PRUDENTIAL REI

The investment manager is strongest in the US, but aims to make its well-established Asia pacific operation equally powerful by raising more domestic capital from Asia  Prudential Real Estate Investors...

News

Blackstone takes 50% stake in Sydney office

Blackstone has bought a 50% stake in a Sydney office building for A$435m ($403m), as foreign interest in Australian real estate continues. Blackstone bought the half share of Westpac’s headquarters...

News

Vanke vice-chairman sounds alarm on Chinese housing

Leaked negative comments from China Vanke’s vice- chairman have intensified fears over China’s residential market. At a private meeting in Beijing last month, Mao Daqing said: “China has reached its...

News

Fitch says CITIC’s new China product is ABS, not a REIT

CITIC Securities’ planned China real estate investment trust product is more like asset- backed securities than a REIT, according to Fitch Ratings. The ratings agency noted that CITIC’s new product...

World News

Mapletree and Oakwood branch out

Mapletree Investments and California-based Oakwood Worldwide have agreed a $4bn serviced apartments joint venture. The Singapore developer will buy 49% of Oakwood Asia Pacific for an undisclosed sum and the...