Numerous international real estate firms are wagering on the Asia Pacific
region for global expansion and growth.
TIAA Henderson Real Estate (TH Real Estate), a London based property
investment manager, recently announced plans to support its foothold in Asia.
The joint venture firm, managing approximately USD71billion in assets
and properties globally, has commenced business in Asia with USD550million
worth of projects. This is through U.S. based financial services firm,
TIAA-CREF and Henderson Global Investors of the U.K. Commercial properties
included will be found in Shanghai, Tianjin and Foshan, Guangdong of China. The
company is also in negotiations with its regional collaborator, Fingen Group’s
real estate arm, RDM Asia to develop luxury retail centres throughout Asia.
The firm has announced for news over upcoming 18 months relying on partnership,
acquisition and organic growth.
Sydney based developer, Crown International Holdings Group, is also growing
in Asia, having recently established a marketing and sales office in Singapore.
This is following after establishing two offices in Indonesia over the recent
11 months. The group has plans to establish another office in China, in
Shanghai or Hong Kong.
Chinese-Indonesian architect, Iwan Sunito, the co-founder and CEO of
crown, has revealed Asian real estate has grown substantially over the last six
months. The recent Singapore office is to become the company’s centre for South
East Asian investments, catering to emerging property markets including
Malaysia and the Philippines.
Furthermore, Oslo, Norway based Norges Bank Investment Management, intends
to enter at least two Asian markets, implementing its global strategy to concentrate
on ten to 15 investable cities throughout the globe.
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