Thomas Duffell
The firm used capital from its Asia Pacific core/core-plus fund to invest A$90m in assets in Perth and Brisbane.
The Brisbane-based real estate firm is proposing an all cash offer for Investa’s listed office portfolio.
North America-focused property strategies again proved most popular with investors in Q1 but capital raised by APAC closed-ended private real estate funds took second spot, according to PERE fundraising data.
The Singaporean sovereign wealth fund has teamed up with local developer PT Intiland to own and manage the 7.2 hectare mixed-use site.
Sterling’s depreciation since the ‘Brexit’ vote, coupled with a slight drop in capital values, has led UK commercial real estate to be discounted by 16% on average to overseas capital, the property consultancy said.
The firm has partnered with Hong Kong-listed property developer Shimao Property Holdings to develop and operate hotels across China.
Former GE Capital executive Annie Li joins the firm to work with its recently appointed Australia head of investments.
The real estate unit of Standard Chartered Private Equity has teamed up with a local operating partner to acquire a mixed-use site in Seoul for $43.5m.
Stronger economic growth, the availability of debt capital, and a more positive outlook from investors are driving global property capital flows in 2017, according to the property consultancy’s latest investor survey.
Research commissioned by the trade organization also revealed that non-listed real estate funds that use currency hedging strategies experienced a reduction in risk of between 25% and 36% compared with unhedged funds.