Christie Ou
The acquisition, done in partnership with AEW and SDP, marks the sovereign wealth fund's third office deal in the Chinese capital in less than a year.
Kevin Colket, founder and CEO of the Global Hospitality Investment Group, says a second or third wave of covid-19 should be a risk that is underwritten when pricing for hotel acquisitions in the current market.
There are only ‘a handful’ of other real estate funds currently targeting the property sector in the region.
The UK-based asset manager is bullish on the market despite the fact the city has seen ongoing social unrest since June 2019.
The Munich-based insurer is closer to its aim of having 10% of its private real estate assets managed on behalf of external investors within the next five years.
The world’s third-largest sovereign wealth fund is now searching for a new global head of real estate after Arnold ended his two-year tenure in the role.
Real estate investment volumes dropped 34% year-on-year in the first quarter of 2020 as the region was affected earlier than the rest of the world by the pandemic
Potential real estate plays are expected to arise from the region’s listed companies, 20% of which are at risk of liquidity pressure, according to CBRE.
In bidding on an Australian logistics portfolio, the partners faced fewer competitors in the market as smaller players were unable to close deals quickly.
The firm also raised an additional $516m in co-investment capital, more than half of which went to five pre-specified projects.