April 2016 | Asia Property

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Bidders vie to break big-deals drought with Seoul IFC buy

Vendor AIG expected to accept price below initial $3bn estimates, as wide bid-ask spread hampers Asian deals A select group of bidders is lining up for AIG’s Seoul IFC...

News

Investa buys into Sydney asset

Investa Property Group has paid Fortius Funds Management $442.5m for a 75% stake in 420 George Street, Sydney. The acquisition, on behalf of Investa Commercial Property Fund, reflects a tight...

News

Japan’s Creed expands to encompass $500m residential development in Ho Chi Minh City

Japanese developer Creed Group has invested in a $500m residential development in Ho Chi Minh City, Vietnam. It has joined forces with Phat Dat Real Estate Development and An Gia...

Research

Key data, April: Non-listed sector

   

Research

Key data, April: listed sector

• The Hong Kong index had a storming March, up 11.8%   • Asia’s index lagged behind the other regions’   • The FTSE EPRA/NAREIT Developed Asia Index rose 2.45%...

News

IOF unit holders set to block Dexus bid

Investa Office Fund’s management say bid undervalues vehicle, but expected rival bid has yet to emerge Unit holders are expected to vote against Dexus’s improved bid for Australia’s A$2.5bn ($1.86bn)...

News

Du Temple to lead JLL debt initiative

JLL has appointed Tim du Temple as head of debt capital, Australia. Du Temple, who has worked for Investec and HSBC and previously ran his own real estate capital business,...

Survey

Signs of slow recovery stir a subdued Seoul

Concern over the effects of volatility and a slowdown in China has led to caution among Seoul’s largely domestic office occupiers, but vacancy rates are falling and brokers detect signs...

News

Union to tempt Asia buyers with Euro malls sale

Asian investors are expected to be among the bidders for Union Investment’s sale of three shopping centres valued at around €400m ($457m). The malls are all owned by the open-ended...

Survey

Survey introduction

Korea While foreign investors particularly continue to seek prime office assets in Seoul, the knock-on effects of the slowdown in China have caused a hiatus in the city’s office leasing...

News

Anbang walks from $14bn US Starwood Hotels deal

Anbang has dropped its $14bn offer for Starwood Hotels & Resorts, citing “market considerations”. However, it has been suggested that the Chinese insurer’s $82.75-per-share offer for the 1,200-property hotels group...

Comment

Market Talk April 2016

“In Hong Kong and overseas property markets, new players tend to compete with highly aggressive pricing in land auctions. It is therefore not easy to acquire land at reasonable costs....

Companies & People

Companies & People

Blackstone’s heady to steer overall Asia Pacific operation Blackstone has appointed Chris Heady as chairman for the Asia Pacific region. Heady will retain his position as head of real estate...

Comment

Low rates still offer high rewards for the bold

Looking back at 2015, it seems the major worry for real estate investors was the prospect of rising US interest rates, which could have destabilised a market grown dependent on...