“The easy money in cap rate compression is done and dusted. It is now all about trying to make income work much more than it did in the last five years.” Those were the words of one investor at the Institutional Real Estate Asia Pacific Editorial Advisory Board meeting, which was held 31 October and 1 November 2018 at the Grand Hyatt Seoul.
From the Current Issue
With e-commerce forecasts rising, big tech targeting a smartphone in every hand, and deliveries possible in a matter of hours, modern logistics facilities are serving an increasingly-important role in the global economy.
The change in consumption patterns and the growth of e-commerce have been a global phenomenon and, along with other countries such as China and the United Kingdom, South Korea has been at the forefront of this e-commerce evolution.
The growth of the REIT structure globally presents both opportunities and challenges to investors and emerging REITs.
Looking back over the thousands of topics we’ve discussed at the hundreds of advisory board meetings we’ve conducted over the years in the Americas, Europe and Asia Pacific, three persistent questions seem to crop up at some point in the discussions.
A total US$188.5 billion in outbound capital went into real estate in the 12 months to third quarter 2018, according to Knight Frank’s most recent Cross-Border Investor Dashboard, which cites data from Real Capital Analytics.
Malaysia’s Permodalan Nasional Bhd (PNB) and the Employees Provident Fund (EPF) are jointly acquiring phase two of London’s Battersea Power Station (BPS) property project for £1.583 billion (US$1.99 billion) from the Malaysian consortium that owns the entire development.
The end of 2018 was a painful one for broader equities, with the MSCI World Index declining by 7.8 percent in December. Property stocks continued to perform well on a relative basis, however, because of investors’ increasingly risk-adverse posture and the sector’s more localised economic exposure.