The international competition for core assets has led to a bit of a firefight for Asian investors. Where they could once swoop in and pick off the easy targets, the landscape has changed.
Real estate’s recent strong performance has been due to a sustained period of slowly-improving occupier market fundamentals during the long, drawn-out, bumpy economic recovery that followed the global financial crisis.
Looking back on the first part of 2016, I am sure readers will agree this year has brought an astonishing array of news, the vast majority of which has been totally unforeseen and much of which has been fairly unappealing for those who wish a quiet life.
CBRE Global Investors has acquired Vienna’s IZD Tower on behalf of a Korean separate account client in what the company says is the largest transaction in Austria in two years.
During May, both Asia Pacific and global property stocks fought to hold on to early-month gains as the US Federal Reserve put a potential June rate hike on the table.
Sydney-based Charter Hall Group’s Core Plus Office Fund has formed a wholesale trust with an investment vehicle sponsored by Morgan Stanley Real Estate Investing to purchase 1 Shelley St in Sydney for A$525 million.
For monetary authorities across the developed world, a type of central bankers’ Twilight Zone has become the operating reality, a topsy-turvy wonderland in which interest rates are negative and bankers balloon money supplies — but all without inflationary consequence.
As a real estate market, India has created vast opportunities, but not without challenges. As the nation’s economy grows, investors and developers have devised sophisticated strategies to take advantage of these opportunities, despite several obstacles.