April 2016 | Asia Property

Subscription Enquiries
Editorial Enquiries

This will be the secondary navigation

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

Goldman backs Oz student housing venture

Goldman Sachs has invested in a A$1bn ($751.7m) Australian student housing joint venture. The investment bank has teamed up with Blue Sky Private Real Estate (a subsidiary of Australia’s Blue...

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...

News

New Godrej platform launches $275m India resi vehicle

India’s Godrej Properties has launched Godrej Fund Management and raised $275m of equity for a residential fund. APG Asset Management is the lead investor for Godrej Residential Investment Program II and...

News

April News in brief

Robinsons Land on course for 55 Philippines malls by 2020 Robinsons Land plans to own 55 malls in The Philippines by 2020. President Frederick Go said last month: “It’s an...

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

Fosun closes in on London office buy

Resolution Property, backed by China’s Fosun International, has made the first acquisition for its latest fund. The fund, in which Fosun is heavily invested, will buy 566,000 sq ft office...

Survey

Macro-economic signs put property shares on rocky road

The global real estate securities market has been through a difficult patch over the past year, with some Asia Pacific markets among the poorest performers. Nervousness about potential interest rate...

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...

News

Norway fund to splash extra $16bn on property

Norway’s sovereign wealth fund is raising its real estate allocation from 5% to 7%, giving it an extra $16bn to spend on the asset class. The $840bn fund, managed by...

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...

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

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....