June 2013 | Asia Property

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News

Vanke boss plays down fears of China property bubble

China Vanke chairman Wang Shi confirmed his views that the China property market has bubbles, but said investors do not need to worry about them. “China is unique,” he...

Fund Management

Average time taken for real estate funds to close

Fund raising steady, but it’s taking longer to close

Capital raising for real estate funds remains tough and signs toward the future are often contradictory. According to data provider Preqin, in the first quarter of this year only $5.2bn...

Diary

June Diary

No hotel is an island – unless it’s been built by Mobilona There was a minor stir last month in European newspapers with the announcement of plans for a €1.5bn...

Comment

There are many stories to be played out in China

By the time this issue of AsiaProperty comes to hand, you may have already read about Wang Shi’s address to the ULI Asia Pacific Summit in Shanghai, but it is...

Market Talk

Market Talk

“Cheap capital being transported to the UK, mainly london, from the far east will not  go to places like Rotherham*” Michael Marx, CEO of UK property firm Development Securities states...

Analysis

ULI research shows growing optimism and confidence over investment and development in 36 Chinese cities

Investors and developers have grown considerably more optimistic about China’s prospects in the past 12 months, an Urban Land Institute study has found. The ULI Mainland China Real Estate Markets...

Survey

Tokyo Offices

Investors favour Shanghai, Sydney, Beijing and Jakarta

Survey of investment intentions reveals top cities in logistics, offices, residential and retail, with logistics property proving popular across the board. Tokyo and Sydney offices and China logistics are favoured...

Fund Management

Less churn as top 10 managers remain largely unchanged

Brookfield Asset Management has overtaken CBRE Global Investors as the world’s largest real estate manager and broken the $100bn barrier in the process. The Canadian company has more than $109bn...

News

IFC Development raises $500m with six-year bond

IFC Development, the holding company which owns the International Finance Centre Complex in Hong Kong, has raised $500m with a bond issue. The company, which is owned by Sun Hung...

News

SPH’s shopping centre REIT cleared for Singapore listing

Singapore Press Holdings (SPH) has received approval from the Singapore stock exchange to list two of its shopping centres through a real- estate investment trust (REIT), raising around S$1bn ($795m)....

News

Mirvac raises $381m to help fund GE Capital offices purchase

Mirvac has raised A$400m ($381m) from institutional investors to help fund its purchase of office assets from GE Capital Real Estate. The group said almost three-quarters of the A$584m portfolio...

News

Warburg Pincus takes first Vietnam steps

Warburg Pincus is to invest $200m into retail projects in Vietnam. The US private equity group’s move, its first investment in Vietnam, signals a revitalisation of interest in the country,...

World News

South Korean asset manager pays $218 for Chicago offices

Mirae Asset Global Investments has bought a Chicago office tower for $218m. The South Korean asset manager bought 225 West Wacker Drive, a 31-storey office tower, from JPMorgan Chase’s pension...

World News

M&G and Asian partner take stake in UK Tesco stores

M&G Real Estate and an Asian institutional investor have acquired a 70% stake in the long leases of three UK superstores with a combined market value of £237m. The UK...

Company Profiles

M&G real estate

M&G Real Estate is expanding in Asia Pacific in a drive to diversify and expand its key product, the longest-established core fund in the region. The UK-based investment manager, previously...

News

LaSalle Investment Management outlines range of core assets in variety of markets

There are “broad based” opportunities for core assets in the Asia Pacific region, LaSalle Investment Management says. More and more investors are looking for secure long- term real estate investments,...

News

Star Capital to raise $979 for China Mainland property fund

Star Capital, the asset manager backed by some of China’s wealthiest businesspeople, is set to raise RMB6bn ($979) for a Mainland property fund. The manager was only launched in 2010,...

Research

Tenant’s market lifts Singapore retail

Research

Abenomics signals return of consumer confidence in Japan