Thomas Duffell
The New York-based firm’s bid for Astro Japan Property Trust received backing from the board which had earlier rejected a bid from Lone Star Funds.
The $15.5bn listed asset management firm has established its first private equity real estate fund to invest in properties across Asia Pacific.
The Japanese ‘big four’ public pension plan continues its external manager selection with the appointment of Invesco Asset Management as its second international real estate manager.
The Sydney-based developer and investment fund manager is to delve deeper in the real assets investment space with the potential acquisition of the A$14bn infrastructure fund manager.
In the face of government sanctioned capital curbs and regulatory uncertainty Chinese insurers are deploying more money into overseas real estate than ever, according to data from Real Capital Analytics.
.jpg?id=19327359433 "Domestic insurers and developers bolster China RE exposure")
Local insurers and developers’ share of transaction volume has risen from around 17% between 2008-2010 to 35% in 2016 due to limited investment alternatives and slower economic growth, according to data from CBRE.
The investor consortium led by GLP’s chief executive Ming Mei has been picked for final talks to take over the Singapore-listed logistics powerhouse.
Despite a sluggish economic recovery and intensifying competition among global funds China’s sovereign wealth fund is looking to continue its overseas expansion in to direct property and infrastructure.
Overall, the Asia Pacific real estate market is expected to deliver 9.8% returns in 2017, but going forward returns will stagnate without uplift from strong rental growth, the real estate investment firm has forecasted.
.jpg "Asia investors pile in to London CRE")
Despite Brexit and political uncertainty, Asia Pacific investors had their most active H1 in Central London for the last five years, according to Cushman & Wakefield.