Whether you call it the New Silk Road or the official Belt and Road Initiative (BRI), China’s ambitious US$1.3 trillion undertaking will offer both opportunities and risks for real estate investors.
Pamfleet began exploring the possibility of investing in Shanghai in 2014, with the intention of deploying a bottom-up approach of buying older, underperforming properties for repositioning. Five years on, with value-added projects completed, many lessons have been learnt, some of which are shared in this article.
Bringing women into the labour force increases the productivity of both companies and cities. Various studies cite a number of reasons to support this conclusion. A 2015 McKinsey study estimated an additional 26 percent (or US$28 trillion) could be added to annual global GDP in 2025 if full gender equality was achieved, compared with the “business as usual” scenario.
Interest rate expectations continue to remain low in Australia, providing strong support for the country’s commercial property market. This trend mirrors the experience across all major developed countries and is further compounded by the fact approximately one-quarter of the world’s debt is currently yielding negative interest rates.
The Editorial Advisory Board of this publication met in Hong Kong in late October to discuss the critical issues facing the institutional real estate industry. The editorial board of Institutional Real Estate Asia Pacific comprises institutional investors, consultants and investment managers.
Trade conflicts and trade-policy changes remain the most-cited threats to global economic growth, with 74 percent of executives surveyed by McKinsey & Co’s Economic Conditions Snapshot, September 2019 believing the global economy is worse now than it was six months ago — double what this sentiment was in September 2018.
Korean investors spent US$6.88 billion on European property in first half 2019, the highest figure on record, according to Savills. The activity of Korean investors is also increasing in Poland.