May 2016 | Asia Property

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PREI and JP Morgan join managers’ core Asian funds push

Pramerica likely to focus on Japan and Australia with first Asian core fund, as JP Morgan also plans vehicle More managers are moving into the Asia Pacific core real...

Brookfield’s new global fund powers $2bn past $7bn target

Brookfield Asset Management has raised $9bn for its latest global fund. The second Strategic Real Estate Partners surpassed its $7bn target. Brookfield made a substantial general partner investment of $2.3bn...


Key data, May: Non-listed sector



LaSalle eyes $1bn on fifth pan-Asia outing

Follow-up to $585m, 2014 fund adds Hong Kong and Singapore to Japan, Australia and Korean target markets  LaSalle Investment Management may raise as much as $1bn for its fifth pan-Asian...


Diary, May

Will Donald’s presidential play come up Trumps in India? US presidential hopeful Donald Trump has softened his line on China but his enthusiasm for India remains undimmed. The Trump Organisation...


Lone Star quickly beats $5bn target for global fund

Lone Star Funds has raised $5.8bn for a new global real estate fund. The private equity firm said it only began raising equity in January and had initially targeted a...


Diversification benefits beckon for Asian investors who splash out in Europe’s deeper waters

The low correlation between European and Asian GDP rates allows Asia Pacific investors to reap the benefits of diversification, as well as higher non-listed fund returns, in European property markets...


Perennial to axe ventures with Pontiac over Singapore dispute

Perennial Real Estate has applied to wind up three joint venture companies after a dispute over plans for a Singapore mixed-use development. The three companies are jointly owned by Perennial...


Internet link drives evolution of supply-chain space

With e-commerce driving strong demand for warehouse space and a lack of modern facilities, there is plenty of potential for rental growth at the high-tech end of Japan’s logistics sector...


China’s Cindat takes majority stake in seven New York hotels

Cindat Capital Management has taken a 70% stake in a portfolio of New York hotels for $571.4m. The Chinese investment manager bought the stake from US REIT Hersha Hospitality Trust....


Mapletree to take root in UK’s Green Park through business campus buy

Oxford Properties is in talks to sell the 120,773m2 Green Park business park in Reading, south-east England, to Singaporean company Mapletree Investments for more than £500m ($730.3m). The deal would...


Ancient wisdom beats the clock today

The idea that market cycles repeat with a regularity that can be timed is a risky basis for a property investment strategy, as no two cycles are ever the same....

Companies & People

Companies and People

Singapore’s city developments reshapes management team City Developments has made a series of senior appointments, thought to be part of succession planning at the Singapore-listed company. Sherman Kwek Eik Tse,...