The budding Asia Pacific multifamily sector is being built on a strong foundation of favourable demographic trends that make its future growth prospects bright. As a result, investors are increasingly looking beyond the region’s only established, liquid institutional multifamily sector, in Japan, to several other markets.
The results of the recent ANREV/INREV/PREA Investment Intentions Survey 2022 reaffirm the limited impact of the coronavirus on sentiment, with a majority of institutional investors globally planning to stick firm to their future investment plans for real estate.
Investors committed more capital to real estate in 2021 than they had initially expected, and US investors expect to allocate even more to the asset class in 2022. That is among the key findings of the 26th annual investor survey — 2022 Institutional Investors Real Estate Trends — published by Institutional Real Estate, Inc, based on a questionnaire designed by IREI and Kingsley, a Grace Hill Company.
The idea of achieving impact through real estate investments in the United States has taken many iterations or “flavours” over the years, from public-policy-aligned opportunity-zone investing to green real estate and more, all touting sustainability and community and economic development.
It’s no secret that the way in which information is shared in this industry today is highly inefficient and far too costly. Most investors and consultants currently receive multiple customised performance reports from multiple managers.
Asian outbound commercial real estate investment surged 69 percent year-over-year in 2021 to US$54.6 billion, surpassing 2019’s pre-pandemic volume, according to CBRE Research. Singaporean capital dominated Asian outbound investment, with six out of the top 10 outbound transactions.
A joint venture between Ivanhoé Cambridge, Irongate Group and private construction and development group Built will acquire the 1.57-hectare Younghusband Woolstores development site in Kensington, Melbourne.
A March report from WiredScore, Smart Nation: The Technology Transforming CRE, surveyed key real estate decision makers across Singapore and Hong Kong to determine how landlords can optimise office spaces for a user-centric, sustainable, inspirational, cost efficient and smart future.
The C$550.4 billion (US$440.0 billion) Canada Pension Plan Investment Board (CPP Investments) and Pacific Asset Management Co (Pacific) intend to develop the largest carrier-neutral hyperscale data centre, Jukjeon Data Centre, in South Korea in a KRW 200 billion (US$164 million) joint venture.
The California State Teachers’ Retirement System (CalSTRS) and Korean Teachers’ Credit Union (KTCU), a public pension fund based in South Korea, have launched a joint venture targeting logistics centres in the United States.
Broadly speaking, transition risks are business risks that arise as a result of the global transition to a low-carbon economy. One way to measure these risks in real estate is to compare an investment’s GHG emission intensity against a decarbonisation pathway, such as those created by the Carbon Risk Real Estate Monitor (CRREM).