Institutional Real Estate Asia Pacific

TRANSACTION NEWS: AEW Capital Management is said to be selling Admirax, a seven-story light industrial property in Woodlands, a residential town located in the north of Singapore, to a family office for S$155 million ($117 million), according to several reports.

PEOPLE NEWS: Daisuke Hiramoto has joined SC Capital Partners, an Asia Pacific real estate investment manager, as managing director and head of Japan.

There is a new demand driver in town for data centers, #artificialintelligence. Casey Miller discusses how AI and other technology developments are creating a unique opportunity for #datacenter investing. 

INTERVIEW: Institutional Real Estate, Inc.'s Chase McWhorter dives into the topic of data centres with Carrington Brown, senior managing director, development and portfolio management, with Affinius Capital.

TRANSACTION NEWS: PGIM Real Estate has entered into a joint venture with Elevate Capital Group to acquire Stamford Court, a prime commercial asset located in central Singapore for S$132 million ($99.8 million). The acquisition was made on behalf of PGIM Real Estate’s Asia core-plus strategy as the firm continues to expand its investment footprint across Asia Pacific.

FUNDRAISING NEWS: H.I.G. Capital announced the closing of H.I.G. Capital Partners VII with $2 billion of capital commitments.

The 17th Institutional Real Estate Asia Pacific Annual Editorial Advisory Board Meeting 2024 in Singapore concluded with valuable insights and strengthened connections among industry leaders. Here are some key takeaways: - Macroeconomic Divergence: Investors exhibit varied sentiments towards different regions, with optimism towards the US, caution towards APAC, and selective views on European countries. India and Vietnam are emerging as potential opportunities amidst evolving market dynamics. - Geopolitical Risks: US-China relations and global conflicts are top concerns, influencing investment decisions. The upcoming US presidential election also adds a layer of uncertainty, impacting potential policy shifts in the real estate sector. The absence of global leadership on the world stage continues to threaten the peace and prosperity that underpins economic growth for the last three decades. - Investment Strategy: Sectors like Data Centers, Logistics, and Living are in focus for resilient returns, while offices continue to struggle in the US but equally crisis could be an opportunity ripe for repurposing with growth potential like North America are favored over riskier markets such as China. Nevertheless, investors should reconsider not shutting out China forever due to the sheer size of this economy and its recovery. India, Vietnam, and SE Asia offer new destinations while Japan and Australia remain stable and largest two investable destinations. - Sustainability and ESG: Environmental and social considerations are becoming integral to real estate investments, driving the need for ESG compliance and climate risk assessments. Investors are increasingly incorporating sustainability metrics into their portfolio strategies. Renewable, energy efficiency and storage will augment the task of decarbonization and make green energy transition a reality. ISSB is the world standard while CSRD is mandatory in Europe and it looks at double materiality (social impact besides enterprise value). Gratitude to all investors, sponsors, Tom Parker, Kelly Armanios, Lucero (Jaramillo) Granath, and guests (Yvonne Huang (黃欣鳳), GRESB) and Sigrid Zialcita, Asia Pacific Real Assets Association (APREA) for contributing to a fruitful and insightful 2-day event-focused on shaping the future of real estate investment allocations and overall well-being of the world we live, work and play. Actis, Brian Chinappi AEW, Jason Lee Affinius Capital, Patrick Seung Ares Management Corporation, Danielle Lau Brookfield Asset Management, Ashok Khanna Crossbay, Michelle Doran EBA Investment, Eric Chen EG Funds, Roger Parker Forest Logistics Properties, Hank Hsu Greystar, Bianca Solomons Harrison Street, James Choi Paramount Group, Tom Hennessy Principal Asset Management, Guy Tcheau Rockpoint, Matilde Attolico Slate Asset Management, Jerry Cain #AsiaPacific #alternatives #energystorage #realestate #core #coreplus #valueadd #opportunistic #esg Institutional Real Estate, Inc.

CONTRIBUTED ARTICLE: Winning sectors: What to expect from Asia Pacific real estate in the coming years  by Koichiro Obu, DWS Group 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. We expect Asia’s economic outlook to be uneven, with China’s growth projected to decelerate further to 5.0 percent this year and 4.4 percent in 2025, while Japan’s economy should pick up starting next year, with growth expectations of 1.4 percent in 2025. Other major Asia Pacific economies, such as Australia, South Korea and Singapore, could see their economies expand by between 2.0 percent and 2.5 percent in 2025.

The #datacenter industry is experiencing explosive demand growth. For most investors, a fund investment is likely the most viable way to enter the data center market today, considering that a single facility can cost several hundred million to upwards of a billion dollars. Hear from Casey Miller on why #datacenters are undeniably a viable asset class. https://lnkd.in/eHuHCpdC

PEOPLE NEWS: Barings announced it has appointed Gregory Eudicone, CAIA as head of global real estate client portfolio management, expanding his focus from the United States to the global market as the real estate platform continues to scale.