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...

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...

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...

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...

News

Fund manager Orion Partners hunts buyer for property arm

Company seeks to offload real estate business after struggling to raise new funds Orion Partners is understood to be seeking a buyer for its real estate business. Industry sources said...

Survey

DATA CENTRES

The niche high-tech sector, where uniquely for property, fit-out costs exceed those of construction, is relatively underdeveloped in Asia, but US operator Digital Realty Trust has a solid foothold in...

News

Agile shares hit a low as chairman is arrested

Agile Property Holdings’ shares hit a five-year low after it revealed that the Chinese authorities have placed its chairman and founder under house arrest. Shares in the Hong Kong- listed...

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

TH Real Estate builds Oz presence with Sydney acquisition

Investment manager TIAA Henderson Real Estate has increased its Australian foothold with a A$310m ($266.8m) Sydney acquisition. It bought a 50% stake in 101 Miller Street and the connecting Greenwood...

Survey

Asian buyers step in where others still fear to tread

Most foreign investors still see Vietnam’s real estate market as too risky a bet yet, despite signs of recovery from the financial downturn, but some Korean and Japanese players have...

World News

GLP adds $1.5bn to Brazil business

Singaporean logistics specialist Global Logistic Properties has invested $1.5bn to expand its business in Brazil. It has launched $1.1bn fund GLP Brazil Income Partners II, which owns 896,000m2 of logistics...

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...

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...

News

November News In Brief

Hines seeks Indian partners for $250m resi development push Hines is to invest $250m in Indian residential developments. The US company said it would partner with local developers to make...