Christie Ou
The firm’s real estate equity business last week received a A$600m commitment to back Australian development opportunities.
The fund has attracted investors including APG for opportunities arising from China's deleveraging environment and cold storage facilities.
The combined real estate business will run two fund series, one dedicated to logistics properties, the other on secular trends.
Hines’ strategic partnerships – including a new alliance with Cadillac Fairview – currently make up two-thirds of its $6bn AUM in the region.
The industry’s outlook is brightening on photovoltaic installations, thanks in part to additional revenue from carbon-positive properties
The new office puts Hines on track to grow its Asia-Pacific business to equal the size of the US and Europe platforms by 2030.
The country’s newly reinforced coronavirus policy could further deter international real estate investors.
Taking up close to 70% of total volume, office overtook logistics to become the most sought-after sector in the country.
The firm’s Japan deals have much higher leverage than its core fund’s typical debt strategy, which includes leverage at 30 percent.
With majority of its real estate portfolio in the US, the investor is now concerned about soaring hedging costs between the yen and dollar.