February 2013 | Asia Property

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LIM prepares $1bn repeat of Japanese logistic fund sell-off

GLP, joint buyer of first LIM logistics vehicle’s assets, is a likely bidder for second fund’s eight properties  LaSalle Investment Management has put the assets from its second Japanese...

Diary

February Diary

GFM faces uncertain future after losing its head in Asia What is happening at Grosvenor Fund Management? No replacement has been announced yet for departing Asia Pacific head Morgan Laughlin....

World News

WORLD NEWS IN BRIEF

Brazil boosts property market by axing REIT tax for foreigners Brazil has exempted foreign investors from paying a financial transaction tax when buying shares in REITs. “The objective is to...

News

News In Brief

MGPA lands Perth’s Optima offices for Asian spezialfond MGPA has acquired the newly built Optima Centre grade A office complex in Perth, Australia, for MGPA Asien Spezialfonds, its German fund with...

Companies & People

COMPANIES & PEOPLE

  Police charge Agile chairman chen The Hong Kong police have formally charged Agile Property Holdings chairman Chen Zhuo Lin with two counts of indecent assault. The charges are unrelated...

News

Centro welcomes Challenger to Surfers Paradise

Challenger has bought the Centro Surfers Paradise Mall on Australia’s Gold Coast for A$162.5m ($168.9m). The Centro-managed syndicate that owns the mall has been trying to sell it since 2010...

News

Mapletree plans REIT as ARA sells assets

ARA sells property that was to have backed failed S-REIT IPO, while Mapletree places Chinese assets into a REIT  ARA Asset Management is set to sell the assets originally destined...

News

CITIC and Invesco funds raise capital

CITIC Capital and Invesco Real Estate have found fund-raising success in a difficult market. Los Angeles County Employees Retirement Association has committed $100m to Invesco’s Asian open-ended core fund, while...

News

Appointments boost JLL’s Sydney corporate finance team

Jones Lang LaSalle has made two appointments to its corporate finance team in Sydney. Chris Key has been appointed head of corporate finance, Australia, to oversee the newly expanded platform...

News

Record global revenues leave CBRE and JLL upbeat on Asia...

Both firms report rise in Asia revenues, but recruitment drives hit pre-tax earnings  The region’s largest brokers are expecting a strong 2013 in Asia Pacific, after both firms reported record...

News

Brookfield to float offices in buoyant A-REIT sector

This year is expected to be a frenetic one for the Australian listed sector. Recovering share prices are encouraging investors to float portfolios and bringing the prospect of mergers and...

Research

Prime Asian Rents and Yields, Q4 2012

Taipei has the region’s lowest office and retail yields, followed by Hong Kong