September 2014 | Asia Property

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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...


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...

Companies & 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...


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...


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...


LaSalle sees value-added and logistics opportunities in Asia

Stabilised logistics properties and value-added propositions offer the best value across Asia Pacific, LaSalle Investment Management claims in a mid- year update to its Investment Strategy Annual Report. Paul Guest,...


Prime Asian Rents and Yields, Q2 2014

Rents have remained relatively stable across the board between Q1 and Q2, with the exception of slight rises for Hong Kong offices and Tokyo shops 

World News

South Korean fund finds Dream partner for German deal

South Korea’s Public Officials Benefit Association has acquired a 50% stake in a German office portfolio. The fund teamed up with Canadian open-ended real estate investment trust Dream Global REIT...


GPT and AMP win Melbourne assets

Australia’s GPT and AMP Capital have spent A$1bn ($936.3m) on acquisitions in Melbourne. AMP’s Wholesale Office Fund has agreed to buy 700 Bourke Street from Cbus Property for A$433.5m, while...


Middle Eastern money shows its belief in Asian markets as Islamic investors keep the faith

Rising levels of wealth are leading Shariah-compliant real estate investors to look beyond the Middle East, with Malaysia, India and Singapore being popular Asian targets for Islamic capital Islamic or...


DTZ Fair Value Index

●The Asia Pacific property market continues to present attractive opportunities for investors. The DTZ Asia Pacific Fair Value Index rose to 63 in Q2, up slightly from the Q1 published figure...

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....


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...


Sales fall but China’s resi debt still rises

Developers’ first-half borrowing from foreign banks leaps 39% on 2013, as homebuyers also ramp up debt  Chinese developers and home buyers are increasing their borrowing, even as the residential market...


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...