August 2013 | Asia Property

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Foreign real estate players book return passage to India

Qatar Investment Authority joins other wealth funds and private equity firms in launching Indian ventures  Foreign interest in Indian real estate is reviving, with a number of investors allocating...

Diary

New landlord’s programme may not be compatible with Apple

South Korean asset manager KDB Daewoo Securities last month bought part of Apple’s Cupertino HQ for $120m, in its first US real estate investment. We wonder if Apple might have...

Diary

UK recruit gets call-up to fight Kwoks’ army of lawyers

Hong Kong prosecutors were forced to apply for special permission to recruit a UK barrister to make the case against Sun Hung Kai’s Kwok brothers, who will be in court...

Diary

Could Fudo bid for independence from new Chinese masters?

Will there be staff fallout at CLSA, the broker bought by China’s CITIC Securities last month? There are always staff losses after a takeover, although the current economic climate will encourage...

News

KTB adds to rush of deals in Seoul with $316m Twin Tree Towers sale

KTB Asset Management has sold the Twin Tree Towers in Seoul to IGIS Asset Management for $316m. The transaction was the second largest in the Seoul market during the first...

Companies & People

Axford goes global at CBRE...

CBRE has appointed Dr Nick Axford to the new position of global head of research. Axford, who is currently the firm’s head of research for Asia Pacific, will assume his...

Companies & People

Ness to head DTZ’s North Asia research

DTZ has appointed Andrew Ness, a previous head of Asia research for CBRE and more recently a consultant at the Urban Land Institute, as head of North Asia research. He...

News

Rents tipped to leap as Singapore offices recover

Singapore office rents are expected to surge next year, after a rebound that started in Q2, according to CapitaCommercial Trust. CEO Lynette Leong claimed the recovery would be led by...

World News

In Brief

Brookfield exceeds target with $4.4bn global fund raising Brookfield Asset Management has raised $4.4bn of equity for its latest global real estate fund, beating its $3.5bn target. The fund has...

Survey

Residential

Government efforts to curb soaring house prices in China and South East Asia have been largely ineffective, while foreign buyers often face a high tax burden. But Japan’s rented sector...

News

GE offloads Australian offices to Blackstone

Blackstone Group has bought a seven-property office portfolio in Australia from GE Capital Real Estate for A$300m ($269.2m). The properties include two in Sydney, two in Brisbane and one each...

News

Malaysia’s Axis REIT plans $120m industrial assets push

Axis Real Estate Investment Trust plans to buy up to seven assets this year and has MYR380m- 400m ($117m-$123m) of deals in the pipeline. The Malaysian REIT, which reported Q2...

Research

AsiaProperty Capital Raising Update

Mapletree has launched a second opportunity fund targeting diversified investments in China

News

Malaysia’s KWAP to ramp up overseas property exposure

Malaysian state pension fund Kumpulan Wang Persaraan (KWAP) is set to increase its allocation to overseas real estate. Chief executive Wan Kamaruzaman, who joined in May from Employees Provident Fund,...