Asset owners face rising foreign real estate risks
Asian institutions look set to continue their love affair with overseas property, but the coming year may test their resolve in light of lofty valuations and growing uncertainty.
![Asset owners face rising foreign real estate risks](https://cdn.i.haymarketmedia.asia/?n=asian-investor%2Fcontent%2FHigh%20rises%20in%20Vancouver%20-%20crop.jpg&c=1&h=677&q=100&v=20242601&w=1204)
Donald Trump won the US presidential election partly on declarations he would take jobs back from China. Yet the property tycoon has been silent over another incursion from the Asian giant: the hunger of its asset owners for prime US real estate.
In May, China Investment Corporation acquired a 49% stake in the 1 New York Plaza office tower from Brookfield Property Partners for $700 million. In the same month, China Life Insurance partnered developer RXR Realty to buy a tower on Ma…
Please sign in or register
for free access to 1 article per month from AsianInvestor’s content and archives of over 16,000 articles.
¬ Haymarket Media Limited. All rights reserved.