Where is a great deal of variation in the prime or class A rents achieved in different cities across the world. The level of economic development, as measured by GDP or GDP per capita, is an important explanator, but it is by no means the only one.

Ask investors and their managers about market transparency in Asia, and they’ll agree that greater transparency is not only wanted but needed. Add to this the fact that we are not that far removed from the toll the global financial crisis took on the relationship between limited partner and general partner. The need for greater market and LP/GP transparency will continue to affect the strategies investors use to make their investments and which managers receive capital commitments from them.