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.