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...


Headwinds fail to slow Asian property

First-quarter figures for Asian deal volumes, rents, capital values and vacancy rates show a broadly positive outlook for the region’s property markets, which look stable despite economic and political uncertainty ...


CapitaLand reshuffles Shanghai portfolio with Guozheng Centre buy and Innov Tower sale

CapitaLand is ringing the changes in its Shanghai portfolio with a concurrent office investment and sale. The Singapore-listed developer and investment manager said it will acquire Guozheng Center, a newly...


Survey: introduction

Japan Core stock remains in short supply in central Tokyo, with dominant domestic investors reluctant to sell, so overseas players are looking to fringe areas of the city and niche...


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...


Deutsche Bank predicts 48% HK house price fall

Hong Kong residential prices could nearly halve over the next decade, Deutsche Bank analysts claim. A new report argues that an increasing supply of new apartments and rising interest rates...


PGIM fund seals Singapore cold storage purchase

PGIM Real Estate has completed the S$193.8m ($140m) acquisition of a food storage and distribution centre in Singapore. The US investment manager bought the asset at 1 Buroh Lane on...


ULI summit: key questions

Conference delegates voted on a number of topical questions and some of the votes are shown below. Panellists did not always agree with the audience, with fewer expecting significant US...


Mapletree splashes $1.6bn on student housing

Mapletree Investments has bought $1.6bn of US student housing. The Singaporean private company is buying eight US and Canadian assets from Kayne Anderson Real Estate Advisors. The portfolio includes assets...


CBRE GI seals $360m resi buy for BVK as investors eye Japan

Investment manager acquires PAG Asia portfolio for German institutional client CBRE Global Investors has acquired a portfolio of Japanese residential properties on behalf of a German institutional client. The investment...


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...