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...

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%...

Analysis

China’s cities plan to smarten themselves up for the next wave of high-tech urban development

A report from corporate real estate body Corenet Global highlights the drive by 300 Chinese cities to integrate digital technology into their infrastructure, spurring smart and sustainable development The growth...

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...

Company Profiles

China Overseas Land

The Chinese developer is set for rapid expansion with a deal to acquire fellow state-owned company CITIC’s residential development portfolio, and has also been acquiring investments in London China Overseas...

News

Mancini steps up to wider Asia role as Savills rejigs management

Savills is promoting Chris Mancini to chief executive for Asia Pacific, ex-China, in a senior management reshuffle. Mancini, currently CEO for North Asia, will take up his role on July...

News

Greenland’s is latest Chinese project to hit planning hurdle

Melbourne project is axed, while regulations stall China Vanke scheme in New York  Chinese developers are running into trouble with overseas projects, with local regulatory regimes tending to be the...

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...

Survey

Foreign buyers seek to turn year of deal failure to success

Several big Seoul office investment deals failed in 2015 and concerns about the weak occupier market put a brake on transactions. But with many foreign investors circling, activity should pick...

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...

News

Core strategies win majority of capital for Asian unlisted funds

More investors are opting for core and core-plus strategies as Asian real estate private equity funds continue to raise capital. A recent survey by ANREV, INREV and NCREIF reveals that...

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...

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....