September 2017 | Asia Property

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New wave of assets hits market to fuel Sydney deals boom

Rising capital values prompt owners to market assets, while big increase in office rents helps feed demand Sydney’s commercial real estate boom is set to accelerate in the second...


LIM unveils $1bn target for fifth Asia fund after netting $335m

Manager’s latest opportunity vehicle aims to exceed predecessor’s $750m equity  LaSalle Investment Management is seeking $1bn equity for its latest Asia Pacific fund, after pulling in $335m in its first...


Warburg Pincus steps up investment in China housing business Nova with $183m injection

Warburg Pincus has doubled its investment in a Chinese rental housing business. The US private equity company is investing a further $183m in Shanghai-based Nova Property Investment, which has 32...

Companies & People


CapitaLand rejigs management team ahead of 2018 expansion CapitaLand has announced a wave of management changes to support its “next wave of expansion”. Lim Ming Yan, president and group CEO,...


Cromwell plans to float S-REIT with European assets

Cromwell Property Group is set to float a S$1.6bn ($1.9bn) Singapore REIT, which will own European assets. The Australian investment manager said last month it had the green light to...


J-REITs may step into healthcare, infrastructure and tourism in campaign to diversify their footprints

Japan aims to make it easier for J-REITs to invest in alternative property sectors in a bid to double the sector’s capitalisation, as other Asian nations look to introduce or...


PAG Springs into action with strategy to replace manager of underperforming Hong Kong REIT

Key shareholder PAG Real Estate claims Spring is second worst performing Hong Kong REIT, is overcharging for management fees and should not have diversified with UK investment PAG Real Estate...


Key data: Non-listed sector


EPF poised to buy Polish mall from Meyer Bergman

Malaysia’s Employees Provident Fund is set to buy the Galeria Katowicka shopping centre in south-west Poland for €300m ($357.2m). The vendor is European real estate investment manager Meyer Bergman, which...


Curbs can’t stem Chinese capital flow

While Beijing’s latest moves to restrict state enterprises’ foreign property investments might temporarily slow outflows, in the long term, the vast wave of Chinese capital will find alternative channels to...


BlackRock exits Malaysian towers project

Vista office tower’s MYR430m sale to Kenedix ends BlackRock’s 10-year involvement in Intermark development BlackRock has sold the final part of its Intermark development in Kuala Lumpur, completing a 10-year...