Asia-Pacific

Qualitas on bridging the growing debt gap

Australia’s population growth, combined with the ongoing withdrawal of its banks from commercial real estate debt, is spawning opportunities for alternative lenders, say Qualitas’s Mark Power and Dean Winterton.

Alternative lenders could fill funding gap in disparate APAC property debt

CBRE estimates the region’s outstanding senior commercial real estate debt at $254bn as of mid-2023, with a debt funding gap of $5.1bn for loans maturing in 2023-25.

2022’s fundraising proves a tough act to follow

Fundraising for APAC-focused real estate debt funds came back down to Earth in 2023, having reached a peak the previous year.

PAG: Seizing the moment in the Asia-Pacific

PAG’s Chris Gradel considers the expanding opportunities for private real estate debt in APAC.

Investors seeking alternatives for refinancing APAC real estate

Falling asset values and conservative banks are forcing investors to turn to private debt to refinance their portfolios.

Asia’s distinction from the West has become a double-edged sword

The region’s property owners are better protected from credit market dislocation than those in the US and Europe, but that is not all positive.

VIDEO: INA’s Budiman expects 2024 to be an ‘exciting year’

Indonesia’s first and only sovereign wealth fund expects to expand its real estate allocation to 15% over the next five years.

VIDEO: QIA’s Chamdia sees higher rates as an ‘opportunity’

At the PERE Network Asia Summit, the sovereign fund’s global head of real estate said elevated rates had made the sector less competitive.

Pollack leaves Blackstone for top post at Starwood Capital

Pollack will be joining the firm at a time when alternative lenders are expected to be able to significantly increase their market share.

Flexing fund terms will have knock-on effects, say lawyers

Investors may be amenable to investment period extensions in today’s climate, but lengthening the fund term could have more serious implications.