September 2015 | Asia Property

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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...

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...

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...

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...

News

Blue Sky brightens M&G’s Asia core outlook to tune of $100m

Dutch pension group targets core Asian markets via M&G’s open-ended product M&G Real Estate’s open-ended, core Asia real estate strategy has received a significant first commitment from a Dutch pension fund...

Analysis

Tokyo pips top-performer Hong Kong to lead investors’ wish list

Respondents to the latest AsiaProperty/Colliers investment intentions survey identified hong kong offices as asia pacific’s best city and sector combination, but all eyes are turning to the easier-to-access tokyo office...

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

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...

Research

Hi-tech firms drive Asian office demand

Asia Pacific office demand is being driven by technology- based sectors, such as online peer-to-peer financial services in Shanghai and e-commerce in India, Knight Frank research says, while a number...

News

C&W guns for rivals after swallowing DTZ

Merged companies’ Asia revenues are close to those of JLL and CBRE, with little overlap between operations Cushman & Wakefield has larger rivals CBRE and JLL firmly in its sights...

News

Goodman cashes in on $150m data centre

Goodman Group is selling a Hong Kong data centre as it recycles capital in a strong industrial market. The industrial specialist is selling a data centre with a long- term...

News

September News in Brief

Sunac shake-up sees chairman relinquish joint role as CEO Chinese developer Sunac Holdings’ chairman and chief executive Sun Hongbin has stepped down from the CEO role to focus on his...