The economic landscape across the Asia Pacific region remains challenging, with consumption expenditure moderating from the post-pandemic surge and higher cost-of-living pressures weighing on households. Despite these headwinds, bright spots persist, including signs of a turnaround in global trade and easing inflationary pressures.

When you claim to be something everyone else claims to be, it not only doesn’t differentiate your firm, it also doesn’t carry much credibility.

Although inflation has yet to relent to a level where central banks are comfortable enough to normalise policy interest rates, the global economy has remained remarkably resilient thanks to strong hiring and consumer spending, notes Principal Real Estate’s 2024 Mid-Year Real Estate Outlook.

Ho Bee Land has sold a 49 percent stake in special purpose vehicle HB Universal (HBU), the entity that holds Singapore’s Elementum — a state-of-the-art biomedical life sciences development designed by Skidmore, Owings & Merrill — at an agreed property value of S$555 million (US$427 million).

Aware Real Estate has expanded its industrial real estate footprint in Melbourne in partnership with Barings with the acquisition of an A$600 million (US$404 million) business park, Austrak Business Park, a 99-hectare high-quality industrial estate in Melbourne’s north, according to media outlets.

Portugal and the Czech Republic in Europe, Japan and Singapore in Asia, and Canada in the Americas are the best locations in their respective regions for industrial occupiers looking to nearshore supply chains, according to Savills.

Quadrant has acquired 6 Gracechurch Street, in the City of London, in partnership with a private Singapore-based family office as part of a new mandate.

The joint venture platform jointly established by Warburg Pincus and Lendlease has, together with its managed investment vehicle LINO, acquired a S$1.6 billion (US$1.2 billion) portfolio of assets in Singapore from entities associated with Blackstone and Lim Chap Huat, executive chairman of Soilbuild Group Holdings.

As GRESB reflects on 15 years of industry progress on the environmental, social and governance (ESG) front, the journey in the Asia Pacific region offers valuable insights as well.