September 2016 | Asia Property

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Singapore’s office revival cues up Asia Square Tower 2 sale

BlackRock to follow June sale of Tower 1 with Tower 2 disposal, as sentiment improves in city’s office market  BlackRock’s Asia Square Tower 2 is to hit the market...


Short-term positives in negative rates

Property funds and REITs have benefitted from an inflow of capital following the introduction of negative interest rates by some central banks, but stronger competition for assets could moderate property...


Big players control the plot in China’s logistics story

A need for modern warehouse space to meet the demands of online shopping has cancelled out the effects of economic slowdown for China’s logistics sector, but only for those able...


Pradera sets up Asian venture to run Chinese malls for MIRA

Fund manager enters Asia through China joint venture with Macquarie subsidiary European fund manager Pradera has set up an asset management arm in Asia, initially operating across China and potentially...


European assets set for €850m flotation by US REIT Gramercy

US REIT Gramercy Property Trust is lining up an initial public offering of its €850m ($951.6m) European portfolio. Gramercy is understood to have undertaken a ‘beauty parade’ of investment banks...

Company Profiles


The fast-growing provider of modern, flexible co-working space has recently added the Asia Pacific region to its expanding empire, by opening centres in Shanghai, Hong Kong, Seoul and Sydney New...

Companies & People

Companies & people, September

Dyer set to hand reins to new chief executive Ulbrich at JLL JLL has promoted Christian Ulbrich to the role of chief executive, starting in October. He succeeds Colin Dyer,...


Key data: Non-listed sector


South Korea’s GEPS plans to step up overseas exposure

One of South Korea’s biggest retirement funds is planning to increase its overseas real estate investments, particularly in the US, due to the strengthening won. The Government Employees Pension Service...


EG FM amasses A$400m for Oz infrastructure fund

EG Funds Management has raised A$400m ($303.3m) at the first closing of its Yield Plus Infrastructure Fund No 2 (YPI 2). The closed-ended fund, which raised equity from Australian and...


India and Japan are rare bright spots in Asia as RICS reports negative sentiment for property

Sentiment towards commercial real estate in Asia remains downbeat among members of the Royal Institution of Chartered Surveyors. According to the RICS Global Commercial Property Monitor for the second quarter...