February 2017 | Asia Property

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CIC in pole position as bidders vie for logistics giant GLP

GLP head Ming Mei backs CIC bid, while Blackstone and Warburg Pincus also chase possible $10bn deal A consortium backed-by China Investment Corporation is front-runner to buy logistics developer...


Key data: Occupiers

• Economic worries spur office users to focus on rents • Tech firms take bigger prime office space share Rent levels are Asian occupiers’ priority Keeping rental costs down is...


London is still hot target for Asian investors despite dip in 2016 deals

Asian investors continue to plough money into London, despite activity in the UK capital falling in 2016. JLL data show London commercial real estate deals fell 40%, to $25.1m, last...


Yamada is first property head for Japan’s state pension fund

Japan’s Government Pension Investment Fund has appointed its first head of real estate. The $1.3trn public pension fund has appointed Hideto Yamada from Mitsui Fudosan for the newly created role....


Dividend waiver buoys Dasin in sector’s first 2017 flotation

Big shareholders waive dividends to boost yield of Singapore owner of China malls Singapore’s Dasin Retail Trust, an owner of Chinese retail assets, became the year’s first real estate initial...


TH RE joins Korean fund for $1bn US debt push

The Korean Teachers’ Credit Union and TH Real Estate have teamed up to invest $1bn in US commercial real estate debt. “The low interest rate environment has investors looking for...


Survey introduction

China Stimulus policies have kept Chinese economic growth on track, but fresh measures by the state look set to slow the flow of Chinese money into overseas property and put...


GIC teams up with US office group for $1bn Wall Street deal

Singapore’s sovereign fund forms joint venture to buy office tower in Manhattan’s Downtown financial district  GIC Real Estate has begun the Year of the Rooster with a $1bn purchase in...


Key data: Listed sector

• Asia started year with 1.1% gain, as other regions lost ground • Hong Kong was region’s top performer  • The FTSE EPRA/NAREIT Developed (Asia) Index rose 1.1% during January, making...


Vibrant Asian cites defy ravages of age

While rapidly ageing populations and shrinking workforces are a problem for many Asian economies, key gateway cities continue to attract growing, youthful populations, offering an untapped dividend for investors  Asia...


Investors shrug off Singapore rent falls in rush of office deals

Hong Kong-listed investors Fullshare and Shun Tak seal big office buys in the city Singapore has opened the year with a flurry of deals, despite falling office rents. Hong Kong-listed...