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

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...

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

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...

News

China’s CITIC pays $841m to gain full control of CLSA

China’s CITIC Securities has completed the acquisition of CLSA, which includes a real estate investment management boutique. CITIC is paying $841.7m for the 80.1% of CLSA that it doesn’t already...

News

Asian operations give CBRE and JLL Q2 boost

Improved Asia Pacific revenues boosted Q2 performance for CBRE and Jones Lang LaSalle. CBRE’s Asia Pacific revenue was $233.1m, an increase of 16% from $201.2m for Q2 2012. “The increase...

Comment

Logistics starts to deliver for investors

The rise o fan affluent class of shoppers is feeding the growth of Asia’s increasingly sophisticated logistics sector, with high tenant demand for a new wave of modern, top-quality assets...

Companies & People

C&W shanghai team defects to Colliers

Colliers International has recruited a 14- strong team from Cushman & Wakefield’s Shanghai office. “We are delighted to have the former Cushman & Wakefield team on board,” said Piers Brunner,...

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...

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...

Research

Key Data: Listed Sector - In Brief

• Asia Pacific was the worst- performing region for real estate stocks in July, with the FTSE EPRA/NAREIT index down 2.4%, compared with a 4.2% rise in Europe and a...

News

In brief

Cheung Kong sells Hong Kong mall to subsidiary Fortune REIT Cheung Kong Holdings has agreed to sell a shopping mall in Tin Shui Wai, Hong Kong for around HK$5.85bn ($754.2m)....

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

Capitaland stays put at Singapore HQ

Singapore-listed CapitaLand Group has axed plans to move to the mixed-use Westgate Tower in Jurong. The company will now centralise all its Singapore business units in its current Capital Tower...