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.
So say M&G and Savills Investment Management. The latter has won two Japan property mandates this year, is readying more Asia funds and is eyeing a Korean office. The former has a new research head.
Retail investors may be fleeing UK real estate funds, but institutions are staying put, says Kiran Patel, CIO of Savills Investment Management. However, he does expect a drop in returns.
The UK property fund house is setting up a Shanghai office with plans to at least double its Asia-Pacific assets in the next few years, and is considering more acquisitions and tie-ups.
Savills IM names Asia AM chief; Sanctum plans hires after RBS deal; HK SFC names interim enforcement head; Robeco gets new chairman and CEO; and BBH names new global boss.
Vanguard hires ETF veteran from UBS; Northern Trust appoints SE Asia chief; Permira names Japan heads; KKR hires Japan chairman; TH Real Estate names new CEO; and Savills IM boosts Japan team.
Chinese investors may be pouring into foreign capital cities, but prime mainland real estate is cheap on a long-term view, says Frank Marriott of property services firm Savills.
Three of 12 second-tier cities identified for future real estate investment are Asian, with wealthy investors forecast to diversify from fully valued prime metropolises.
Investment into real estate from rich Asians has trebled since 2007, far outpacing flows from other regions, according to Savills and Wealth-X.