September 2015 | Asia Property

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Hulic leads bidding for Simplex

Hulic is tipped to win the race to acquire Simplex Investment Advisors, in a deal that could be worth ¥150bn ($1.24bn). A deal has not yet been signed and...

Azerbaijan oil fund debuts in Japan with ¥55bn Ginza buy

State investor follows yen-driven trend with purchase of asset in Tokyo’s prime retail district The State Oil Fund of Azerbaijan has made its maiden Japanese real estate investment in...

Comment

Property may not be devalued by China crisis

Does the stock market upheaval in China and the recent devaluation of the currency represent a threat or opportunity for cross-border real estate investors? Taking the stock market first, the...

Company Profiles

BLUE SKY GROUP

The Dutch pension fund manager is carrying out an Asian property investment campaign across the risk spectrum, investing in funds targeting core and value-added/opportunistic returns Blue Sky Group is firing...

Companies & People

COMPANIES & PEOPLE

Swerdlow becomes Asia CEO as CBRE reshuffles senior team CBRE has reshuffled its senior management and appointed a new Asia Pacific chief executive. Danny Queenan has moved from his previous role as CEO, CBRE Asia...

News

Bids on Singapore office blocks fall short

Blackrock’s Asia Square Tower 1 and Alpha Investment Partners’ Capital Square stake still on the market Domestic and international bidders are lining up for Blackrock’s Asia Square Tower 1, on...

Research

Key data: DTZ Fair Value Index

● The Asia Pacific property market continues to offer investors good opportunities. The DTZ Asia Pacific Fair Value Index rose to 58 in Q2, from 54 in Q1 (a score...

News

Goldman Sachs gains slice of Piramal’s property arm in $150m Indian deal

US investment bank Goldman Sachs has invested $150m in Indian developer Piramal Realty. The bank bought a minority stake in conglomerate Piramal Group’s real-estate development arm. The deal follows a...

World News

China’s currency devaluation won’t damage property, analysts believe

China’s currency devaluation will not deter its investors from buying real estate overseas, brokers claim. Last month, the renminbi devalued by 3.1% against the US dollar, the largest five-day movement...

News

Hourigan takes over AMP property division

AMP Capital has appointed Carmel Hourigan global head of property. Hourigan will be responsible for delivering the strategy, growth and investment performance of AMP Capital’s A$19bn ($13.37bn) property investment and management...

Survey

VIETNAM

New laws are opening up the country’s residential and commercial property sectors to foreign investment, while the economy is getting back on track after some shaky years following the financial...

News

Chinese manager Cinda takes GuocoLand’s Beijing project

China Cinda Asset Management has agreed to buy a Beijing development from GuocoLand for RMB10.5bn ($1.64bn). The Guoson Centre in the city’s Dongcheng district comprises shopping centres, an office building...

World News

Malaysia’s EPF builds European logistics strength with €100m portfolio buy

Malaysia’s Employees Provident Fund has continued its European logistics push with a €100m ($70.3m) pan-European deal. AsiaProperty’s sister title EuroProperty reported that the fund, which manages more than $175bn of...

News

Confident investors plan to repeat or raise property investment targets, Preqin finds

Investor interest in real estate shows no sign of waning, Preqin research shows. The research company’s Investor Outlook report for the second half of 2015 showed 78% of the investors...

Research

Key data: listed sector

• Real estate shares followed the wider market in a weak August: the FTSE EPRA/NAREIT Developed (Global) Index fell 7.2%, worse than the overall equity markets fall of 6%. •...