Notwithstanding political risks or the overhang of government deficits, 2013 may mark the beginning of the post–credit crisis era for Europe, the United States and Asia Pacific.
Jennivine Kwan is vice president of international operations for the US Green Building Council (USGBC),with responsibility for the development and implementation of USGBC’s international activities.
Malaysia’s Kumpulan Wang Persaraan (Diperbadankan), or KWAP for short, recently won government approval to increase its international strategic asset allocation (SAA) to 19 percent of its portfolio from 10 percent, according to an announcement by Second Finance Minister Ahmad Husni Mohamad Hanadzlah.
South Korean real estate investors put a couple of stakes in the ground during 2009 and 2010 that grabbed the attention of institutional investors.
A number of funds with an Asia Pacific investment focus have been active this past quarter, with multiple funds either opening or closing in the third quarter.
After experiencing a number of difficult months due to the negative impact of the prospect of globally higher interest rates and the continued sell-off of income-orientated investments, listed real estate companies rebounded in September.
Signs are emerging that we may be entering a new stage in the long, drawn-out, bumpy global economic recovery following the global financial crisis.