June 2017 | Asia Property

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New WeWork fund eyes Asian assets for investment push

Co-working giant’s fund looks at Japan and other Asia markets after raising several hundred million dollars WeWork is looking at buying Asia Pacific real estate assets via a new...


Mandarin Oriental ponders Hong Kong Excelsior hotel sale with $4bn-plus price tag

Mandarin Oriental Group could raise more than $4bn from the sale of its Excelsior hotel in Hong Kong, spurred by record land prices. The hospitality operator, which owns the 848-room...


Tokyo offers slim pickings for deal hunters from overseas

With dominant domestic investors reluctant to trade prime central Tokyo offices, high prices and a shortage of stock are driving foreign investors out to areas such as Tennozu, Shinagawa and...


ANREV INVREV and NCREIF Fund Manager Survey 2017: the top 50


ULI summit: Innovative urban plans help transport Asia Pacific cities towards a less-congested future

A recent ULI report identifies 10 Asian cities that have reduced the impact of traffic in high-density areas by restricting car use, boosting public transport and developing elevated pedestrian walkways...


Nan Fung trumps Henderson HK deal in most expensive land buy ever

Nan Fung Developments set a new record for a Hong Kong development site, eclipsing the Murray Road sale in lot size. The private Hong Kong developer paid HK$24.6bn ($3.1bn) for...


Air India to sell off property but sales could be slow to take off

Air India is set to sell its substantial property holdings to reduce its debt. The Indian government is keen to tidy up its national carrier’s balance sheet prior to a...


Goodman to ease pace of disposals after shedding A$2.1bn of real estate

Goodman Group said it has sold A$2.1bn ($1.5bn) of assets in the past nine months to fund development, but its sales volume would slow this year. The properties sold were...


Key data: listed sector

• Asia’s index fell 1.4% in May, but outperformed N America • Hong Kong and Japanese stocks rose  • The FTSE EPRA/NAREIT Developed Asia Index fell 1.4% during May, although year-to- date...

Company Profiles

Ascott Residence

CapitaLand’s hospitality-focused REIT is targeting expansion in the US and Europe, having recently bought hotels in New York, Frankfurt and Hamburg, and is also looking to buy in Japan and...


News in brief

China Vanke buys major stake in Shui On Chongqing scheme Shui On Land has sold 79.2% of its Chongqing Tiandi project to China Vanke for RMB4.1bn ($603.2m), retaining the remaining...


Munich buy hails new Mitsubishi strategy

Japanese investor buys German office building in Europa-managed push to buy core-plus European property Mitsubishi Estate has launched a new European, core-plus investment strategy, starting with the purchase of a...