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....

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

TCT close to offloading Shanghai office block

Treasury China Trust is understood to be close to a sale of Central Plaza, a RMB1.8bn ($288.5m) Shanghai office complex. The Singapore-listed business trust has had the building on the...

World News

London is AFIRE members' non US investment pick

The US remains a top pick for global investors, according to the 2013 survey by the Association of Foreign Investors in Real Estate, representing 200 foreign groups that invest in...

Research

Shanghai stores ring up a successful Q4

Shanghai’s retail sector had a strong fourth quarter to 2012, buoyed by strong income growth, Colliers International reports. Shanghai enjoyed sustained economic growth in the first three quarters of 2012....

News

Morgan Stanley seeks $5bn for eighth global real estate fund

MSREF sets same target as for seventh fund, which bought several Asian assets Morgan Stanley Real Estate Investing has started raising equity for an eighth international real estate fund. MSREF...

Company Profiles

IPD

Pioneering benchmarking service Investment Property Databank has gained the resources for Asian and global expansion following its purchase by listed US data provider MSCI  Major expansion in Asia is set...

News

Asian investors power into Battersea to take half of first phase apartments

The first residential phase of Malaysian-owned Battersea Power Station in London was nearly sold out within a month, with Asian investors accounting for half the purchases. Only “a few penthouses”...

News

Stamp duty to cool Singapore property markets

Singapore has introduced a comprehensive package of measures to cool its residential property market. It has also introduced seller’s stamp duty on industrial assets to discourage speculative activity in that...

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

Taubman Asia and Wangfujing set for second China mall

Taubman Asia and Beijing Wangfujing Department Store are to co-operate on a second Chinese shopping centre project. The joint venture will own and manage a 1.46m sq ft mall in...