March 2013 | Asia Property

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Korea’s NPS picks Carlyle to guide $1bn China offices push

State pension fund awards US private equity group Carlyle a mandate for core-plus/value-added deals Korea’s National Pension Service is set to break into the Chinese office sector. The state...

Diary

March Diary

Big Apple’s brokers may be on course to crack Chinese market How important are Chinese buyers? In New York, they are so important that the New York University School of Continuing...

ASEAN focus

Jakarta is hot 2013 destination, but foreign players have yet to land

Previous economic and political instability in Indonesia has spooked overseas investors, but the rise of a strong democracy and growing middle-class markets is tempting property players to overcome their fears ...

News

News In Brief

MGPA fund swoops for new j-Tower Shanghai office block MGPA has bought j-Tower, a recently completed grade A office building in the Jiading district of Shanghai, for RMB263.5m ($42.3m). The...

Companies & People

COMPANIES & PEOPLE

Manila tie-up builds Savills’ Asian arm Savills has expanded its presence in South East Asia by forming a new association in the Philippines with KMC MAG Group. Based in Manila,...

World News

SAFE’s Gingko Tree branches into UK regions with green office buy

Gingko Tree Investment, a vehicle of China’s SAFE investment company, has moved into the UK regional office market. It has bought a 49% stake in a £142m ($213.3m) sale-and- leaseback...

Survey

Retail still tops foreign investors’ Chinese shopping lists

While the western debt crisis hit foreign investment in China’s commercial property sector last year, brokers expect to see more activity in 2013, with retail in top-tier cities still the...

News

Bright Ruby buys in Sydney as investors target Australia

Asian investors are ramping up their activities in Australia’s real estate market. Singapore-based commodities trading group Bright Ruby has made its second acquisition in Sydney, buying 231 Elizabeth Street from...

News

PGI to buy property firms in Europe and Asia

Principal Global Investors (PGI), the asset management arm of US-based Principal Financial Group, plans to expand its portfolio by buying companies focusing on Asian and European real estate. CEO Jim...

Survey

CHINA

A change of leadership has not altered the Chinese government’s conservative economic policies or drive to cool the housing market, but foreign investors believe property fundamentals still look good  It...

News

Asian funds pack faces tough capital hunt

Preqin reports growing appetite for funds after weak 2012, but supply of Asian vehicles still outstrips demand Asian real estate investment managers are finding little thawing in the capital markets...

World News

Chinese insurers set to pump billions into London real estate

Savills believes China’s move to let institutions invest in mature markets could bring £10bn into London Relaxation of rules on real estate investment for Chinese insurance companies will benefit London’s...