The Institutional Real Estate Letter - Australia
June 1, 2013: Volume 2, Number 2Buy For $150.00 Add to Cart
External factors: Australia seeks to buffer its property markets from negative influences
Australia’s economy has been a stellar performer during the post–global financial crisis period, but its traded asset markets have not been immune from influences of their global peers.
The China connection: China's growth is having an increasing effect on Australia's property markets
During the past three decades, China has changed almost beyond recognition. Any talk about the global economy cannot conclude without a mention of the country that has grown at an average of 10 percent per year for the past several decades.
Divergence: Although property fundamentals are slow and steady, asset prices are escalating
This month, Property Investment Research (PIR) reviews the key news from February’s A-REIT reporting season, which covered the period up to 31 December 2012.
REITs return -- part two
When The Letter – Australia first went to press one year ago, the market for Australian commercial property was driven by foreign investors and domestic unlisted funds. In contrast, A-REITs were net sellers of property, largely content to buy back their own shares. What is the situation now?
Australia's office markets maintain influx of investment
The Australian office market has seen strong demand for office property despite weakening of market fundamentals in the first quarter — with a key recent acquisition being the April A$543.9 million (US$544 million) purchase of an office development in Brisbane.
Future Fund sells interest in UK retail asset
The A$85.2 billion (US$85.2 billion) Future Fund has sold its 33.3 percent stake in Bullring Shopping Centre in Birmingham, England, for £307 million (US$475 million) to a 50-50 joint venture between the C$172.6 billion (US$171.8 billion) Canada Pension Plan Investment Board (CPPIB) and London-based Hammerson Plc.