Life sciences as a property sector is already established in the United States, and the sector is emerging in Europe. In Asia, though, it remains a niche play. That’s surely set to change, due to rising incomes, ageing East Asian populations, and favourable population-growth and urbanisation trends.
There remains a hope, even an expectation, that we have seen the worst of what COVID will throw at us — that the road ahead will be smoother. This is more than likely the case, especially considering whatever is heading our way is likely a variation on what we have already managed.
If the pandemic has taught us anything, it has highlighted the need for investors to future-proof their portfolios. To this end, many institutions are reassessing their portfolio allocations. For real estate investors, this includes an investigation of alternative property types because these sectors can enhance portfolio returns in three key ways.
The past decade has been a defining one for India’s real estate sector. Major policy reforms — such as the Real Estate (Regulation and Development) Act and REIT regulations — have not only brought order and stability, but also better positioned the sector for institutional participation.
We’re in the process of relaunching IREI.Q, the latest version of Institutional Real Estate, Inc’s proprietary database, which has been 26 years in the making. First launched in 1996, IREI.Q (along with its earlier incarnations) is the longest continuously operating database on institutional real estate investing in the market.
Allianz Real Estate, in partnership with Ivanhoé Cambridge and other investors, has established a platform to build a diversified portfolio of multifamily residential assets across top-tier cities in Japan.
GIC, Singapore’s sovereign wealth fund, has agreed to sell its 49 percent joint venture interest in Dexus Australian Logistics Trust (DALT Partnership) to Blackstone’s Core+ Real Estate strategy in Asia, which focuses on logistics, residential, office, life science office and retail assets in global gateway cities.
As investors increase their allocations to most asset classes, the investment world is accelerating, converging and decarbonising, according to BlackRock’s 2022 Private Markets Outlook: Resilience and adaptation.