Do we need more reminders the world is a risky place? Recent global stock market volatility, particularly in a weakening China, shows no one really knows how far we may be from the next major downturn.
For the institutional real estate investor perusing Asia with an eye on age cohorts and demographics, suddenly the future is now.
Despite the huge volatility in the Hong Kong and China stock markets in June 2015, the TR/GPR/APREA Composite REIT Index dropped by only about 2 percent.
What issue is at the top of most investors’ minds these days? Pricing, and whether now is the right time to be selling.
Australian real estate has emerged as an important asset class for both local and international investors. As at December 2012, the total market value of commercial real estate stock in Australia was estimated to be A$681 billion (US$484 billion).
Hoshino Resort Co has purchased four ANA Crowne Plaza hotels in the Japanese cities of Hiroshima, Fukuoka, Kanazawa and Toyama for US$326.5 million.
In separate deals, two Chicago office towers were exchanged for an estimated total sales price of US$630 million.
Singaporean REIT CDL Hospitality Trusts has made its first investment in Europe, acquiring the 198-room Cambridge City Hotel.
In separate deals in Australia, AMP Capital has purchased a mall for A$154 million (US$108 million) and sold an office tower for A$222 million (US$162.4 million).
In most months, a –0.9 percent return would be not much to get excited about, but after the 19 percent decline in Asia Pacific real estate stocks from May to August of this year, the slower erosion in September felt welcome.