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...

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

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...

Survey

Government brings hope to Ho Chi Minh City

Interest in development has revived, as the state gets serious about inflation, the trade deficit, non- performing loans and legislation to welcome foreign investment, ending a “pretty miserable time” After...

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

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...

World News

Rosemont venture takes Hong Kong’s Gemini into US

Sino Ocean Land subsidiary joins up with US partner Rosemont Realty for office investment programme Hong Kong’s Gemini Investments has formed a joint venture to invest in US office property....

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...

World News

Reuters makes the news as China’s HNA Group snaps up London HQ

HNA Group, parent company of China’s Hainan Airlines, has bought Thomson Reuters’ London headquarters for around £215m ($326m). The Chinese company said last month that it had bought 30 South...

Comment

Opportunities rise with Asia’s cranes

The cranes on many Asian city skylines point to a rise in real estate development and investment that should outpace any short-term Chinese turbulence, as domestic and foreign capital increases...

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

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...