Global office investment has plunged in 2023 to levels last seen during the Great Financial Crisis, yet select markets and strategies continue to thrive as fund managers find opportunities in shifting conditions.
While the US, Europe and the rest of Asia Pacific saw investment volumes fall by up to 70 percent in the second quarter compared to pre-Covid averages, South Korea recorded a 15 percent increase and accounting for 18 percent of global volumes as of September, according to MSCI. Given its return to office culture, Japan’s workplace assets also remain integral and present opportunities for value-add plays.
In India, the growing tech sector is propelling investment in offices and business parks by institutional investors aiming to profit from sustainable, quality assets, including Canada’s Ivanhoe Cambridge $1.9 billion venture with Mapletree, CPP Investment’s partnership with local firms Tata Group and RMZ Corp, as well as CapitaLand Investment’s ongoing expansion of its business park platform in the country.
Daisuke Hayashi, Partner and Japan Chief Representative, Phoenix Property Investors
Gauri Shankar Nagabhushanam, CEO, India Business Parks, CapitaLand Investment
Hari Krishna V, Global Leadership Team, Managing Director, Real Estate, CPP Investments
Josephine Yip, Senior Director, Investments and Asset Management, Asia Pacific, Ivanhoé Cambridge
To find out how developers and fund managers are achieving returns keying on markets with the strongest risk-adjusted returns, upgrading properties and obtaining green premiums, Mingtiandi welcomes top executives from Phoenix Property Investors, CapitaLand Investment, Ivanhoe Cambridge and CPP Investments, to a one-hour panel discussion sponsored by Yardi, which will highlight the India, Japan and Korea markets.
Date: Tuesday 24 October 2023
Time: 10:00 AM – 11:00 AM HKT
Speakers
Daisuke Hayashi, Partner and Japan Chief Representative, Phoenix Property Investors
Gauri Shankar Nagabhushanam, CEO, India Business Parks, CapitaLand Investment
Hari Krishna V, Global Leadership Team, Managing Director, Real Estate, CPP Investments
Josephine Yip, Senior Director, Investments and Asset Management, Asia Pacific, Ivanhoé Cambridge
Live Q&A with Panelists
Immediately following the interview, Mingtiandi’s team will moderate a live question and answer session in which attendees can quiz the speakers on their market outlooks and get direct insights from some of the region’s top names.
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