September 2014 | Asia Property

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News

Japanese state fund ready to inject up to $24bn into property

Giant pension fund is expected to form joint ventures to step up real estate investment at home and abroad  Japan’s Government Pension Investment Fund is close to announcing a...

Diary

September Diary

Wealthy Chinese have their visa card suspended in the US… How many wealthy Chinese are buying real estate in the US? So many that the US has run out of...

Comment

Deal based index is comparably better

  Commercial real estate investors have long relied on traditional, valuation-based indices to measure their relative investment performance. These indices are often criticised for their inability to show the volatility...

Comment

Japanese move boosts property’s pension pot

The weight of capital that could be unleashed if Japanese institutions were to allocate to property is something spoken of in hushed tones by real estate professionals. But like the...

Companies & People

COMPANIES AND PEOPLE

Leow takes helm of CapitaMalls Asia Jason Leow, chief executive of CapitaLand China, is moving to the role of CEO of CapitaMalls Asia. He will take over from Lim Beng...

Research

Arrivals to Qianhai zone help drive up Shenzhen off ice rents

Shenzhen office rents are rising as new companies register in the city, particularly targeting the new Qianhai development zone, according to Savills’ Shenzhen Office Briefing report. City-wide vacancy rates fell...

World News

September World News in Brief

Chinese retailer buys controlling stake in UK’s House of Fraser… Chinese department store group Nanjing Cenbest has paid £480m ($789.3m) for an 89% stake in UK retailer House of Fraser....

Research

Listed Sector

• Asian property stocks underperformed in August, with the FTSE EPRA/NAREIT Developed Asia Index up 1% (in euro terms), compared with a 4.5% rise in North America and 2.7% in...

News

Long-term bond issue nets $500m for The Link REIT

The Link REIT has raised $500m from a 10-year bond, its first issuance for such a lengthy duration bond. The longer term enabled Hong Kong REIT Link to get better...

Survey

Pearl River’s rise sweeps Hong Kong into China

New transport links are set to integrate Hong Kong with 10 other urban centres in the Pearl River Delta, creating a megalopolis offering space-starved occupiers a new range of business...

News

China Vanke teams up with Carlyle Group to seed joint venture with nine Chinese assets

China Vanke and Carlyle Group have formed a joint venture for some of the Chinese developer’s commercial assets, which will be a precursor to a flotation. The joint-venture company, in...

News

Lone Star finally offloads Tokyo Meguro Gajoen complex

Lone Star has sold the Meguro Gajoen complex in Tokyo after more than a decade of ownership and a number of aborted sales attempts. Japanese developer Mori Trust is to...

News

September News in Brief

Mitchell takes non-exec post at Australia’s Napier & Blakeley Peter Mitchell, former chief executive of the Asia Pacific Real Estate Association, has been appointed non-executive chairman of Australian due diligence...

News

Big pack vies for rare site sale in Hong Kong’s Tsim Sha Tsui

Eighteen developers have made bids for the first government land tender for a site in Tsim Sha Tsui, Hong Kong, for 16 years. The site, a former car park on...

News

Convicted Lau in line to buy Macau’s La Scala

Chinese Estates is to sell its La Scala project in Macau to former chairman Joseph Lau, who was convicted of bribing a government official to secure the site. The Hong...