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...

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

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...

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,...

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...

News

Invesco plans launch to join J-REIT boom

Office specialist will acquire five assets worth ¥78.6bn, as new and established J-REITs ramp up investment  Invesco Real Estate plans to float a Japanese REIT next month, as the listed...

News

China logistics continue to attract funds

Singapore’s Temasek Holdings and China’s Ping An are latest to invest in rapidly growing property sector  China’s logistics real estate sector continues to boom with two heavyweight investors getting involved...

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...

Survey

SURVEY

JAPAN The country is at last experiencing better fortunes after a record 2013 and more of the same predicted this year. But some remain to be convinced about the effectiveness...

World News

Goldman’s latest debt vehicle pulls in$4.2bnwarchest

US investor injects $600m of own money into fund, as a record 53 vehicles target property debt sector  Goldman Sachs has amassed $4.2bn of firepower for its latest real estate...

News

CBRE and JLL post solid first quarter

CBRE and JLL have reported strong first quarter results, both in Asia and worldwide. CBRE reported Asia Pacific revenue of $195.6m, an increase of 8% (18% in local currency) from $181.4m...

Survey

Niche Asian property sector just gets better with age

Australia’s and Japan’s senior living markets may be well established, but new REITs are still managing to make inroads. In China, lack of elderly care provision and huge demand provides...

News

Great Eagle flies into funds venture

Hong Kong’s Great Eagle Group and China Orient Asset Management plan to launch two $1bn real estate funds. One will provide debt finance for Chinese developers, mainly Hong Kong-listed ones. China...

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

Link to sell five non-core shopping centres in Hong Kong

The Link Real Estate Investment Trust plans to sell five of its non-core shopping centres in Hong Kong for up to HK$2.5bn ($320m). The malls for sale are in public...