Demand rising for Asia property, bar China assets
So say M&G and Savills Investment Management. The latter has won two Japan property mandates this year, is readying more Asia funds and is eyeing a Korean office. The former has a new research head.
Demand from investors in Asia is high and rising, especially for real estate in developed markets such as Japan, the UK and North America – but the shine has come off Chinese property, say asset managers.
Savills Investment Management has already won two institutional mandates this year for Japanese real estate, each for about $300 million to $400 million, said Justin O’Connor, chief executive of the London-based firm. Moreover, it is expecting the second Japan real estate fund it…
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