Value Partners appoints David Wong as chief risk officer; CBRE appoints Luke Moffat APAC head of advisory and transaction services; Clarence Chan joins BNY Mellon; moves at India's LIC mutual fund asset; Qiming Venture Partners welcomes David Chu as IR Partner, and more
Already on the rise pre-Covid, investments into data centre assets in Asia have accelerated in the past year, fuelled by interest from investors across the spectrum.
Residential, logistics and data centres are expected to see sustained interest, while office, hospitality and retail sectors could see a recovery in the next 2-3 years.
Real estate transaction volumes in the region fell more sharply than those elsewhere in the first quarter, but the rebound may also be stronger.
Investors in the region are looking to buy more logistics assets despite rising valuations, as the Covid-19 pandemic continues to push more people to buy goods via e-commerce.
Two funds and a JV that have exposures to China logistics assets have been closed this month amid the challenging environment. Demand on such assets will likely sustain.
The demand for commercial real estate remains high in the region, CBRE's survey shows, but patience will be needed as the coronavirus disrupts deal execution.
Uncertainty in Western markets and better yields in Asia will slow institutional allocations to global real estate, and may boost domestic markets.
StanChart PB brings in Yong-Haron, Tse; Julius Baer poaches Klenk from UBS; Noah names HK chief; Diamond Lee exits OMGI; Invesco hires in Australia; BNPP IP raids BlackRock in Australia; Singapore IAM TriLake adds RM; CBRE appoints Japan head; Withers boosts trust practice.
The asset manager adds its first dedicated credit analyst for China's real estate sector, as rivals also strengthen their research coverage of the fast-growing mainland bond markets.
With many closed-ended funds coming to the end of their lives, a large number of Asia property assets are hitting the market. This is presenting buying opportunities in a nascent open-ended fundraising boom.
AllianzGI's institutional chief resigns; Nikko AM names new Asia head; Algebris hires portfolio manager; CBRE names asset services chief; and White & Case boosts private equity team.