Investors are working double time to reassess priorities and assess the coronavirus-related damage to their portfolios. They are doing so at a time when fiscal and monetary policies are changing practically daily.
The spread of the novel coronavirus has destabilised global markets and instigated an economic downturn. The editors of Institutional Real Estate, Inc’s regional publications discuss some of the possible implications of the COVID-19 pandemic for the commercial real estate investment world.
After a decade of strong returns, the office sector remains the most popular asset class in the Asia Pacific real estate markets — but change is definitely afoot for the sector coming into the 2020s.
In April, we will release the Institutional Investor Real Estate Trends report, based on the 24th annual survey of investors jointly conducted by Institutional Real Estate, Inc and Kingsley Associates.
Never in my life have I seen so many people opining on a topic as confusing as this one. The fact is, none of us really knows what the likely outcome will be because no one knows precisely how far and wide this pandemic will spread.
In the medium term, like everyone, we wonder what the post-coronavirus world may look like. Our biggest concern — no doubt shared by managers in all asset classes — is that this is the systemic shock that brings the end to the long cycle we have seen since recovery from the global financial crisis.
GIC, Singapore’s sovereign wealth fund, and Australian property investor Dexus have set up a joint venture to acquire a 50 percent stake in the iconic Rialto Towers, located in Melbourne, for A$644 million (US$392 million).
The US$11 billion Public Officials Benefit Association (POBA), a public pension fund in South Korea, is planning a capital injection of US$120 million in a US$600 million US single-family housing development fund managed by JPMorgan Asset Management.