Asia-Pacific

The New York-headquartered firm’s $480m transaction with Taubman Asia to buy half-stakes in three malls in the region comes as volumes in the asset class continue to wane.

Kevin Colket has launched a ‘pure-play hospitality-focused firm’ to raise institutional capital for global investment strategies in the sector.

Looking to compete with the top equity firms, smaller managers are finding greater leverage when negotiating with investors by offering co-investments

Andie Kang established Korea’s National Pension Service as one of the world’s pre-eminent private real estate investors, before swapping from public to private three years ago. Arshiya Khullar caught up with him at the country’s biggest investment manager IGIS Asset Management to hear all about it.

Private real estate’s investors are staffing up and changing their policies to become more adept at using sidecars.

Sidecars have become popular for investors looking to right-size their portfolio and for managers in need of capital. But there is little uniformity in how they are arranged.

Managers and investors alike are approaching sidecars more frequently, in different ways and for new reasons. This increase in popularity, though, has led to some uncertainty.

GLP’s CIO Alan Yang explains how building specialist domain expertise across global M&A, technology, rezoning and development of new assets has allowed the firm to increase its AUM almost sixfold since 2014 to over $60bn.