An eerie whistling sound pervaded the boardrooms of Western property funds and institutional investors following the global financial crisis.
From the Current Issue
The Australian economy is one of the strongest in the world, representing 2.52 percent of the global economy, with close to 25 consecutive years of economic growth.
We all need to eat, and we all need to stay clothed. To the uninitiated, retail real estate seems like an easy defensive play, relatively resistant in any downturn.
Quantitative easing by the European Central Bank is likely to have global capital market implications, including real estate. We now are contemplating a period in which real estate yields/cap rates may well trend even lower in many markets in the short term.
What time is it on the real estate market cycle clock? Where are we in the cycle? That question has been coming up a lot lately. Most of the people we’re talking with believe we have now left the high-noon recovery period in the United States and are probably somewhere around 15 minutes into the expansion period.
Atotal of 24 real estate private equity funds recorded final closings during first quarter 2015, according to Institutional Real Estate FundTracker.
The Blackstone Group is under contract to purchase a mixed-use property in Shanghai for approximately US$815 million.
As thoughts and realities of higher interest rates in key markets across the globe (namely the United States and Europe) dominated the headlines in May, both global and Asia Pacific property stocks had a tough month, with REITs generally performing better than developers.
Hong Kong–based Gaw Capital Partners is one of a number of investment managers helping Asian investors satisfy their growing appetite for US property.