Hong Kong’s ongoing housing rebound leads today’s look at real estate news from around Asia Pacific, as the family behind developer Sun Hung Kai buy a luxury home from their own company. A return to real estate profits for one… Read More>>
Hong Kong Jockey Club Sells $1B Fund Portfolio and More Asia Real Estate Headlines
The challenges facing fund managers lead today’s look at real estate headlines from around Asia, with Hong Kong’s Jockey Club selling off stakes in major private equity vehicles at a discount as asset trades continue to elude investors. Also making… Read More>>
Singapore Office Floor Trades at Record Rate and More Asia Real Estate Headlines
A strata office floor in Singapore’s Orchard Road is transacting at a record rate for the Lion City, with that deal leading today’s headline roundup. In other news, Canadian pension fund OMERS ups its stake in an Indian toll road… Read More>>
SF REIT Boosts H1 Revenue to $28.5M and More Asia Real Estate Headlines
SF REIT kicks off Mingtiandi’s headline roundup today, as the Hong Kong-listed warehouse trust defies China’s economic slump with an upbeat first-half report. Also making the list, Canadian pension fund OMERS seeks opportunities to deploy its biggest war chest in… Read More>>
Canada’s OMERS Posts 7.2% Real Estate Loss as Interest Rates Dent Returns
OMERS, the biggest pension fund manager in Canada’s Ontario province, reported a 7.2 percent net loss on real estate investments in 2023, swinging from a net return of 13.6 percent the prior year, as elevated interest rates took a toll… Read More>>
China Home Price Slide Accelerated in January and More Asia Real Estate Headlines
Average new home prices in China fell 1.24 percent in January from a year earlier as the country’s housing crisis continues to rage, with that story leading Mingtiandi’s headline roundup today. Regional private equity player PAG also makes the list… Read More>>
Goldman Sachs, OMERS Launch APAC Private Credit Partnership
Goldman Sachs Asset Management (GSAM) has teamed up with the Ontario Municipal Employees Retirement System (OMERS) to invest in private credit deals across Asia Pacific.
The partnership, a separate account handled by GSAM’s private credit division in Asia on behalf… Read More>>
Asia Real Estate People in the News 2023-08-07
Infrastructure is in style and one of Canada’s largest pension funds leads this week’s collection of personnel moves from around Asia Pacific with its appointment of a new head of infrastructure overseeing its global operations. Also the making the list… Read More>>
Canada’s OMERS Promotes Ashish Goyal to Head of Asia Pacific
OMERS, the biggest pension fund manager in the Canadian province of Ontario and the 44th largest in the world, has elevated Ashish Goyal to the newly created post of executive vice president and head of Asia Pacific, based in Singapore.
Canadian Pension Giant OMERS Earned 13.6% Return on Real Estate in 2022
OMERS, the largest pension fund manager in Ontario, generated an investment return of 4.2 percent net of expenses last year, with double digit returns on its real estate and private equity bets compensating for shortfalls in other sectors.
The parent… Read More>>