July 2014 | Asia Property

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News

Morgan Stanley eyes Asia deals as eighth global fund hits $1bn

MSREF Global VIII pulls in $1bn at first closing as Preqin reports first-half leap in property fund raising  Morgan Stanley Real Estate Investing has raised more than $1bn for...

Company Profiles

UNION INVESTMENT

As part of a move to globalise and diversify its investments beyond Europe, the German fund manager recently struck its first deals to establish an Australian portfolio and rebuild its...

Companies & People

COMPANIES AND PEOPLE

Seek takes chair of GlP board Dr Seek Ngee Huat has been appointed as chairman of the board of Global Logistic Properties, following Ang Kong Hua’s retirement from the board....

Diary

July Diary

Free advice is Lau’s cheap policy on China Life London HQ deal It’s not easy going from one of the world’s biggest investors to self-employment. Bei Capital, which is run...

Comment

Tokyo is set for a pre-Olympics gold rush

After a pretty sluggish start to the year, the real estate investment market appears to be moving again. JLL data show that while Q2 deal volumes did not make up...

News

July News In Brief

Brookfield spends INR35bn on Indian special economic zones Brookfield Asset Management is buying four Indian special economic zones from Unitech Corporate Parks (UCP), plus a 60% share holding in another...

News

Australia and New Zealand make top five for transparency

Australia and New Zealand are still the most transparent Asia Pacific markets, according to the JLL Transparency Index 2014. They come third and fourth respectively, behind the UK and US...

News

JPMorgan prepares to take Aviva’s Asian arm

UK fund manager Aviva Investors is expected to announce the sale of its Asian real estate business to JPMorgan Asset Management later this month. The manager will retain its Asia...

World News

South of England business park deal sees AEP pick up Trident

Singapore-based Shariah investment manager AEP Investment Management has bought a business park close to London for £130m ($22.9m). AEP bought Trident Place, comprising six office buildings totalling 472,000 sq ft,...

Research

X’ian fuels western China growth as high-tech occupiers arrive

Growing services sector demand and increased prime office stock are accelerating the development of the north-west Chinese city of X’ian as an office location, Savills research claims. Primarily known for...

News

Title wrangle threatens GIC’s Tokyo buy

Problems with ground lease and title of Lone Star’s Meguro Gajoen complex could derail ¥130bn purchase  GIC Real Estate’s ¥130bn ($1.28bn) purchase of Tokyo’s Meguro Gajoen complex is in danger...

Investors

Real Estate primed for $75bn Asian insurance pay out

Relaxation of regulations that have kept Asian insurance firms underweight in property investment could see up to $30bn being spent in overseas real estate markets by 2018, CBRE estimates  Asian...

News

Asian firms suffer world’s worst construction disputes

Construction disputes in Asia are more costly and protracted than anywhere else in the world, according to built asset consultant Arcadis. In 2013, the global average cost of construction disputes...

Research

Seoul Q1 Office Take-Up Hits a Record High

Office space absorption in Seoul hit a record quarterly high in Q1 2014, according to JLL, as oversupply continues to ease. Overall net absorption in the South Korean capital was 206,500m2...

News

PSP splashes NZ$1bn on New Zealand property

Canada’s Public Sector Pension Investment Board has bought a New Zealand commercial real estate portfolio for NZ$1bn ($881.4m). The 18 assets were held in the AMP Capital Property Portfolio, managed...