March 2016 | Asia Property

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Sellers of non-core in Japan take cheap refinancing option

Prime assets in Japan continue to attract investors, while secondary struggles to attain asking prices A gap has opened up between prime and secondary assets in Tokyo, with owners...


Key data: listed sector

• Asia was the best-performing region for real estate stocks in February, with a 3.6% rise in the euro-denominated FTSE EPRA/ NAREIT Developed Asia Index. • Meanwhile, real estate markets...


Blackstone and CIC bid for IOF

Blackstone Group and China Investment Corporation are set to make a rival bid for the A$2.5bn ($1.9bn) Investa Office Fund. The Australian listed fund had recommended a cash and shares offer...


Private RE funds sold $25.5bn of assets in 2015, says CBRE

Asia Pacific-focused private real estate funds sold 310 assets for $25.5bn in 2015, CBRE claims. Sales in Japan, where the investment market has been booming, accounted for more than half...


Private lenders step in as banks retreat from real estate debt

Tighter regulation on banks combined with a shortage of equity opportunities is fuelling interest in property lending by the private sector and has given rise to crowdfunding platforms to fill...

World News

GIC ready to offload €800m of French and German offices

Sovereign fund will sell two office blocks in Paris and Munich’s tallest building Singaporean sovereign wealth fund GIC is selling more than €800m ($876.2m) of prime office assets in France...


Frasers Centrepoint ponders Singapore REIT

Frasers Centrepoint is considering listing a real estate investment trust in Singapore backed by Australian office and industrial properties. The Singapore investor, controlled by Thai billionaire Charoen Sirivadhanabhakdi, is looking at...


Dalian Wanda hits Madrid planning obstacle

Dalian Wanda may sell its flagship project in Spain after running into planning difficulties. In 2014 the Chinese conglomerate acquired the historic Edificio España building, a landmark skyscraper in central...


Hong Kong investors swoop for two major London assets

Hong Kong buyers have sealed two big London office deals in the past few weeks. A company controlled by the Shaw Foundation, the philanthropic arm of late Hong Kong movie mogul...


Singha adds logistics to real estate investment brew

Thai listed developer Singha Estate plans to move into the logistics sector as part of a THB19bn ($537.5m) spending spree this year. Chief executive Naris Cheyklin said the company would...


Japan’s interest rate move is far from negative for property

Analysts are predicting a rise in the value of both Japanese housing and commercial property following the Bank of Japan’s introduction of negative interest rates, which should in turn boost...