This reluctance contrasts sharply with large allocations by New Zealand super funds and increasing interest from Asian investors.
The property arm of the European insurer could double down on its Japanese residential strategy within a year.
Efforts are focusing on shareholder resolutions and access to independent directors
New rules to address Hong Kong's low level of female board representation are the subject of fierce debate.
The growth of private equity fund ownership of multi-family residences will drive up rents and volatility. Limiting rent increases can help, but only to a point, the APG head of European real estate said.
Investors repurposing buildings for multi-family rental say they are willing to give up returns in exchange for environmental benefits.
Dutch pension provider APG’s Asian ESG head points out conflicts of interest for conglomerates and calls for stricter punishments on greenwashing.
Asian investors continue to favour the digital infrastructure sector despite rising prices.
Super funds in Australia and New Zealand are eyeing international social housing investments, but associated risks mean that most investors in the nascent sector still favour opportunities in the domestic market.
Costly mixed-use developments with decades-long return horizons still have their backers. Two leading funds tell how they still have an appetite for long-term place-making.
Investors and analysts have warned that asset managers are ignoring the high costs of reducing buildings’ emissions.
The Dutch pension fund says it will push for improvements in ESG practices of its portfolio companies in South Korea and Japan with active engagement, including lobbying the government and the media and using its voting rights.