November 2014 | Asia Property

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News

Heitman targets $500m for first Asia real estate vehicle

US fund manager will work with joint-venture partners to make value-added investments in mature markets Heitman is launching its first fund dedicated to Asia Pacific real estate, aiming to...

Comment

Weight of capital is emerging into new areas

When the very first – at the time a one-off – issue of AsiaProperty was published in late 2007, emerging markets were all the rage. In particular, India and Vietnam...

Diary

DIARY NOVEMBER 2014

How to lose friends and alienate people in Hong Kong Embattled Hong Kong chief executive CY Leung is coming under fire from all fronts, but mainly his own. Not only...

Companies & People

COMPANIES & PEOPLE

Consortium completes DTZ takeover A consortium of TPG Capital, PAG Asia Capital and Ontario Teachers’ Pension Plan has completed its $1.2bn acquisition of DTZ. The property services group will continue...

News

Investors sue India’s ICICI Venture following “huge losses”

A group of 69 investors are suing Indian private equity firm ICICI Venture over alleged losses on their investments in a property fund run by the company. The non-resident Indian...

World News

AXA reaches for Pinnacle with bid to finish stalled London scheme

AXA Real Estate is leading a consortium that is under offer to buy the £1bn ($1.59bn) Pinnacle office development in the City of London. The French investment manager is understood...

News

GIC Real Estate teams up with Scentre Group to buy stakes in New Zealand Westfield malls

GIC Real Estate has bought a series of stakes in shopping centres in New Zealand. The Singaporean sovereign wealth fund entered into a joint venture with Scentre Group, the owner...

News

Piramal Enterprises plans $2bn Indian real estate campaign

India’s Piramal Enterprises has announced plans to invest $2bn in real estate projects over the next two years. Ajay Piramal, chairman of the conglomerate, said: “We are more optimistic about...

Survey

Ho Chi Minh is the leader in Vietnam’s offices upturn

JLL and CBRE both report slight increases for rents in the country’s main office market, as vacancy rates fall, but oversupply continues to dog the retail market in both Ho...

News

Court hears bribery claim against SHK’s Kwoks

Payments of millions of Hong Kong dollars from Sun Hung Kai Properties’ co-chairmen the Kwok brothers to a former government official had “all the hallmarks of a bribe,” a court...

Analysis

Nervous Investors Put Range Of Asian Property Sectors On Hold

Even popular sectors such as china logistics are now seen as a “hold” rather than “buy”, our latest quarterly investment intentions survey shows, but tokyo and Beijing retail buck the...

News

Bank of Japan to boost J-REITs via ¥90bn share buying push

Quantitative easing measures will include central bank buying more J-REIT stocks Real estate investment trusts are set to benefit from Bank of Japan governor Haruhiko Kuroda’s unprecedented “quantitative and qualitative...

World News

Korean buyers pay €740m for global KanAm fund assets

German fund manager KanAm has sold a €740m ($926.5m) global property portfolio from its liquidating Grundinvest fund to a consortium of Korean investors. The portfolio includes assets in Washington, Paris...

Analysis

Grosvenor tips Tokyo to follow in London’s footsteps as Asia’s safe haven for real estate

UK property company identifies key similarities between its home city and Tokyo, with economic recovery and a strong luxury housing market acting as a magnet for investors Tokyo is set...