Rita-Rose Gagné, executive vice president, growth markets, and George Agethen, senior vice president, Asia Pacific, growth markets, with Ivanhoé Cambridge, discuss the firm’s real estate investment programme and expansion into the Asia Pacific region.

The Financial Accounting Standards Board earlier this year issued a new accounting standard for the treatment of leases under Generally Accepted Accounting Principles, or GAAP. The International Accounting Standards Board did the same for International Financial Reporting Standards, or IFRS. When the change takes effect, every lease will need to be recorded on balance sheets.

I will be interviewing Blake Eagle at the upcoming NCREIF Fall Conference, which will be held in New Orleans 2–4 November. Those of you who joined the institutional real estate investment community anytime within the past 10 years might be scratching your heads and asking yourselves, “Who in the hell is Blake Eagle?”

Singapore’s GIC has invested in a real estate fund that has acquired the newly-built Hyundai Logistics Distribution Centre in Incheon, South Korea, for US$130 million from LogisKoel, the developer of the asset. The real estate fund is managed by ADF Asset Management Co.

During July, both Asia Pacific and global property stocks were beneficiaries of the Brexit vote as investors sought out yield and safe-haven investments amid uncertainty about the vote’s impact, and ever-lower global government bond yields.

Asia Pacific made the greatest progress globally in terms of real estate transparency during the past two years, according to JLL’s Global Real Estate Transparency Index 2016. The index measures transparency by looking at factors including data availability, governance, transaction processes, and the regulatory and legal environment.