Michelle Phillips

Asset manager says global investors foresee stumbling blocks in economic recovery and are hedging their bets with alternative investments like property.

Kylli has bought a majority stake in 225 Bush Street in San Francisco in the city’s largest office trade since 2012.

After completing a deal with DEXUS and CPPIB, the Australian-listed fund manager plans to raise as much as A$700 million.

Even for investors seeking opportunistic returns, Asia’s compressing yields are forcing the focus on the long-term “megatrends” underlying property, delegates heard at the ULI Asia Pacific Summit.

While Asian investors are still putting money into Europe, they consider the US a better long-term play, delegates heard at the ULI Asia Pacific Summit.

The property industry is usually slower to react to technological innovations, but it will have to adapt to a changing society, delegates heard at the ULI Asia Pacific Summit.

Commitments from Asian institutions and high net-worth individuals into the European country have increased 916 percent since 2011.

The China-focused fund manager is pondering its second China-focused development fund after deploying 80 percent of the capital from its first.

Now that it has hired three for its overseas property business, Seoul-based Koramco Fund hopes to grow its overseas assets to $1.2 billion over five years.

Richard Barkham joins the global firm’s research team in a newly-created position after eight years at the London-based property firm.