The Institutional Real Estate Letter - Australia
December 1, 2013: Volume 2, Number 4Buy For $150.00 Add to Cart
The Lucky Country: After two decades of growth, is Australia's luck running out?
Australia is known as the “Lucky Country”, a moniker earned through its ability to escape the rest of the world’s woes. So it came as some surprise when independent economist Andy Xie warned earlier this year that Australia was about to become the next Spain.
Don't fight the Fed: A-REIT performance continues to be influenced by fluctuating US monetary policy
This month, Property Investment Research reflects on the two key themes affecting the A-REIT sector in recent months — their fundamentals for the year to June 2013, as revealed by August’s reporting season, and their pricing.
Evolving capital sources: The nature of foreign investment into Australian real estate is changing
Since the start of 2010 until the end of third quarter 2013, more than A$18 billion (US$17 billion) has been invested in Australian commercial real estate by offshore entities, representing approximately 28 percent of the total investment volume.
Small A-REITs: A viable option
Australia’s large-cap REITs, such as Westfield Group, Westfield Retail Trust, GPT Group and Goodman Group, own enviable collections of prime commercial property: Super-regional shopping malls, CBD office towers and more.
An end worth the means for UniSuper
The road to complete ownership was arduous, but, this September, UniSuper finally obtained 100 percent control over one of Western Australia’s premier retail assets, Karrinyup Shopping Centre, located 12 kilometres from Perth’s CBD.
Super funds to allocate US$75b overseas by 2020
Australia’s superannuation funds have plans to invest US$75 billion in overall offshore investments by 2020, with the United States and Europe likely to account for a large portion of investment capital.