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....

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...

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...

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

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...

Survey

AUSTRALIA

The arrival of Chinese investors intent on building businesses has added to Australia’s real estate investment boom – despite record vacancy rates in many central business district occupier markets Australia’s...

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

Key data: listed sector

• The FTSE EPRA/NAREIT Developed (Asia) Index rose 3.3% in March, behind the North America index, which increased 6%, while the Europe index was down 0.1%. • The Australia index...

World News

Blackstone fund set to be biggest ever

Blackstone Group has raised $14.5bn for its latest global real estate vehicle in only four months. The private equity firm plans to raise up to $1.3bn more from retail investors,...

News

Zenith’s Guo accused of exploiting graft claims

A legal dispute between two Chinese companies has unveiled a web of corruption and a tycoon’s exploitation of China’s fight against graft. Peking University Founder Group and developer Beijing Zenith...

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...

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)...

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...