July 2015 | Asia Property

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News

Stock market chaos scuppers IPOs as property shares fall

Chinese market plunge causes 28 planned IPOs to be suspended, as Manulife pulls Singapore REIT flotation Stock market turmoil has hit the real estate market, hurting share prices and...

Company Profiles

CARREFOUR

In common with other Western retailers, french hypermarket operator carrefour suffered a recent fall in sales in both asia and china, and is diversifying into other retail formats to continue...

Company Profiles

MANGO

Unlike other western rivals, the Spanish fast-fashion retailer has used the franchise model to build a presence in china, where it is now opening bigger stores, in line with its...

Comment

Property still a safe haven in uncertain times

The weight of capital allocated to real estate continues to grow, with a record $429bn targeting the sector globally, says DTZ. Such is the weight of capital in a sector...

Companies & People

COMPANIES & PEOPLE

CBRE’s Smith takes the helm at Colliers in Hong Kong Colliers international has appointed Nigel Smith as managing director of the company’s hong kong business. he joins from CBRE, where his predecessor in...

Company Profiles

CAMICISSIMA

The Italian fashion brand has been growing rapidly in china since signing an agreement with a local partner last year and also has a small but growing presence in other...

Company Profiles

GUCCI

The luxury retailer’s sales fell 8% and it has cut its prices – and the pace of store openings – in china. But new product lines and a strong online...

Research

Asia retail rents lag behind steady sales

Shoppers in Asia Pacific remain the world’s most positive, but rental growth in Q1 2015 was muted in several markets, according to CBRE’s latest Global Retail Market View. The report...

Survey

Supply threat may make tower sale not such a big deal

Tower 1 of Blackrock’s Asia Square could soon fetch up to S$4bn, but with oversupply looming, the Singapore office market may be muted in coming years, in common with retail...

Analysis

Tokyo offices tipped for further growth as CBRE Real Estate Forum delegates give Japan a vote of confidence

Nearly three quarters of forum audience expected Tokyo grade A office values to keep rising into 2016, as Japan’s recovery intensifies real estate demand. Retail and logistics were also seen...

News

Prudential’s third pan-Asian vehicle pulls in initial €480m

Prudential Real Estate Investors’ Latest pan-Asian fund has raised €480m ($532m) at its first closing. Asia Property Fund III beat its initial €400m fund-raising target and PREI, which manages $5.3bn...

Survey

ASIAN OUTBOUND INVESTMENT

While many institutions still hunt trophy assets in core markets such as London, yield compression on such buildings is encouraging other Asian investors to make higher-risk plays across Western markets...

News

Singapore’s Suntec sells mall and buys into redevelopment

Suntec REIT has sold one of its older shopping centres for S$412m ($304.2m) and teamed up with the buyer to redevelop the asset. The Singapore REIT sold Park Mall to a...

Survey

Far East capital takes long-haul flight to London

Despite prime office yields being less favourable than in other cities, London remains the destination of choice for many Asian funds, due to its liquidity, transparency and a straightforward tax...

News

July News in Brief

CPPIB and Indian partner buy Chennai IT park in JV debut deal A joint venture between Canada Pension Plan Investment Board and India’s Shapoorji Pallonji has acquired SP Infocity IT...

Analysis

Investors fear weight of capital will crush opportunities

Asia Pacific was the leading region for growth in 2014 as property markets globally continued to expand, but the sheer amount of money chasing prime assets is making it ever...

News

Warburg Pincus consortium ups Vincom Retail stake in giant Vietnam deal

A consortium led by Warburg Pincus has raised its investment in Vietnamese developer Vincom Retail by $100m. The consortium has now invested $300m in the retail subsidiary of Vietnam’s largest...