Asian real estate
This is real Asian real estate property company, CBRE Global Investors, with an investment portfolio of US$5bn in Asian real estate has announced of its plans to diversify its investment portfolio by raising in injecting another US$5bn in the region over the next three to five years.
The group intends to invest capital in Indonesia, China, Japan, South Korea, Malaysia and Singapore, preferring retail property in these markets where consumer spending power is on the rise. Asian real estate.
Even though Japan was the worst performer in Asia last year, with a gain of a mere 0.1 per cent, it is CBRE’s main market in the region, with US$2bn invested in office buildings, residential developments, retail and industrial space. Japan has since then upgraded by market observers to be be a safer market at a time when many in the region decline.
China will be another focal point for the group with an estimated investment accounting for 20 per cent of the portfolio, or US$2bn. The group has already invested around US$1bn in China, with an equity of US$300mn because it has invested mainly in residential projects through joint ventures, which build to sell.
The intended growth in Asia is due to the fact that CBRE Global currently has only 5 per cent of its capital in the region, which accounts for around 27 per cent of property deals.