Only 23 private equity real estate funds recorded final closings during the fourth quarter of 2013, according to Institutional Real Estate FundTracker. However, what the group lacked in numbers, it more than made up for in firepower.
From the Current Issue
In the past 10 years, urban planners, architects, developers and institutional property investors in Asia have added another dish to the menu: sustainability, as in green building and design, and perhaps a side order of “New Urbanism”.
What do London, New York City, Tokyo and Paris have in common? They rank, in this order, as the world’s four “super cities”.
Investors are always interested in emerging markets with exciting demographics, and the Philippines and Indonesia both fit the bill. But how healthy are both economies?
China has more Internet shoppers than any other country, at 220 million, and is shortly set to overtake the United States as having the world’s largest online retail sales market by total value, yet the supply pipeline of new mega-sized malls in its cities shows no signs of abating.
International investment activity by Chinese investors increased by 124 percent to US$7.6 billion in 2013, according to research from Jones Lang LaSalle. This is an increase from US$3.3 billion in 2012 and US$2.9 billion in 2011.
In the wake of the financial crisis, in order to stimulate consumption and investment and to facilitate deleveraging, the world’s key central banks have undertaken aggressive quantitative easing programmes.
We have been conducting an annual investor survey together with Kingsley Associates for 18 years, and this year’s release, Global Annual Institutional Investor Survey, is the first time we included investors outside the United States. The survey is forward looking and comes from investors’ plans for the coming year.
Continuing the volatility trend of 2013 into 2014, the Asia Pacific region witnessed major price movement in January, once again to the negative, as many markets continued to sell off during the month.