April 2015 | Asia Property

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News

Kaisa’s woes signal deepening crisis for Chinese developers

Creditors of Kaisa group reject rescue plan, as Fitch questions finances of fellow developer Evergrande Further cracks are appearing in China’s real estate market as developers struggle with debt....

Company Profiles

AMP CAPITAL

China is the main regional expansion target for Asia Pacific’s third biggest fund manager, via a link-up with china life, while its infrastructure arm is seeking global growth opportunities AMP...

COMPANIES & PEOPLE

CBRE PAYs $1.4Bn for Johnson controls’ global FM arm CBRE has agreed to acquire Johnson controls’ Global WorkPlace solutions business for $1.475bn. The GWs division, which provides facilities management services, will be...

Comment

Stronger China may rise from short-term crash

My take on China has been that its real estate market is set fair in the long run and that any crashes in the short term will almost certainly be...

News

April News in Brief

O’Connor to steer Diversified Property Fund for AMP Capital AMP Capital has recruited Kylie O’Connor from Lend Lease to manage its AMP Capital Diversified Property Fund. O’Connor replaces Louise Joslin,...

World News

AustralianSuper buys into big London and Honolulu projects

Giant Australian pension fund buys 25% stake in Hawaii shopping centre scheme and 25% share in central London redevelopment, as it steps up property allocation Australian Super has agreed two...

Research

China retail faces web and supply threat

Online shopping and increased supply will challenge China’s retail property market this year. Knight Frank’s and Holdways’ latest China Retail Property Market Watch report says China’s retail landlords have been...

Comment

Chinese seek new islands of luxury

Hong Kong is losing its title as top destination for China’s luxury goods shoppers, as more Chinese consumers chose to head abroad instead, or are discovering alternative domestic retail locations...

World News

City of London’s Broadgate is spun off into new REIT

GIC Real Estate and British Land have formed a REIT to own the Broadgate Estate in London. GIC bought a 50% stake in the development from Blackstone Group for £1.7bn...

News

China’s Fosun International eyes Cushman &Wakefield

Fosun International has been linked with a bid for Cushman & Wakefield, which has been put on the block by its Italian owner. The New York-based firm is majority owned...

News

Link joins up with mainland through mall buy in Beijing

Hong Kong’s Link REIT has made its first mainland China acquisition: the 74,000m2 EC Mall in Beijing’s Zhongguancun high-tech area. The vendors were Infrared NF and Singapore’s Metro Holdings, and...

News

State vehicle offers A$800m Perth retail and office portfolio

A government fund is to sell A$800m ($616.5m) of commercial property in Perth. The assets are part of the Insurance Commission of Western Australia investment portfolio and comprise three office...

News

Winning bid for Paya Lebar Central puts Lend Lease on track for major Singapore project

Lend Lease has won the bidding to develop a 165,000m2 mixed- use project in Singapore. Alongside a “major global investment partner”, Lend Lease submitted a winning bid of S$1.672bn ($1.22bn)...

Survey

Chinese build a home in Oz as Asian money moves in

Chinese developers looking to diversify into the transparent housing market are leading a wave of Asian investment in Australian property, with some players already looking beyond Sydney and Melbourne Australia...