August 2014 | Asia Property

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UBS to inject $1bn into property for new Asian private client

Asset manager wins mandate from wealthy family as rich private investors’ interest in real estate grows  UBS Global Asset Management has won a $1bn private wealth real estate mandate...

Comment

Obstacles remain despite Asia’s REIT moves

The past month has been a good one for real estate investment trusts in Asia. First, India’s new government committed to including REIT legislation in its first budget, which would...

Companies & People

COMPANIES AND PEOPLE

Top Deutsche role for Maeda in Japan Deutsche Asset and Wealth Management has confirmed the appointment of Koichiro Maeda as managing director and head of real estate for Japan, as...

World News

Cathay Life’s City buy marks a first for Taiwanese insurers

Insurer pays £320m for Woolgate Exchange office building while Fubon Life also seeks London offices  Cathay Life has become the first Taiwanese insurer to buy commercial real estate in London,...

News

GLP joins state-backed firm in RMB3.6bn Chinese venture

Singapore’s GLP and Chinese logistics giant to spend RMB3.6bn on development Global Logistic Properties has consolidated its position in China with a RMB3.6bn ($583.3m) joint venture with a state-backed developer....

News

August 2014 - News In Brief

Rockspring lands new European mandate from Korea’s NPS National Pension Service of Korea has awarded a further mandate to the UK’s Rockspring Property Investment Managers, for a €300m ($401.2m) pan-...

News

Fortress hotels fall to Invincible J-REIT in Japan

Invincible Investment Corporation has bought an 18-hotel portfolio from Fortress Investments for ¥39.93bn ($389.3m). The acquisition has boosted the Japanese REIT’s weighting to hotels from 7% to 38.5%. The long-stay,...

News

China green lights more developer bond sales...

China has continued to ease restrictions on domestic bond issuance by property developers, with a second company raising capital via a debt sale this year. In July, Shanghai-listed Jiangsu Future...

News

Blackstone leads Asian fund raising rush

Private equity giant is on target to raise $5bn, while LIM has $1bn war chest and Prologis up to $3.5bn to spend  Real estate fund-raising in Asia continues to improve,...

World News

Chinese take top spot in table of US residential’s overseas buyers

Chinese buyers have become the largest overseas purchasers of US residential real estate. In 2013, Chinese purchasers acquired $12.8bn of US homes, putting them in second place behind Canadians, according...

News

India’s REIT plans set to trigger big IPOs

India’s new government has pledged to include real estate investment trust legislation in its first budget, which could lead to $20bn of initial public offerings. However, the tax treatment of...

News

Impact set to be first Thai property investment trust

Thailand’s Securities and Exchange Commission has given its approval for the nation’s first real estate investment trust. Listed developer Bangkok Land plans to float Impact Growth REIT to raise THB8bn...

News

Japanese recovery puts office occupier market on the up

Japan’s office occupier market is beginning to improve as the real estate capital market continues to boom, according to a Deutsche Asset & Wealth Management report. The manager’s latest Japan...