Where global investors are setting up new offices
Canadian, European and U.S. investors are opening and expanding offices in Asia Pacific in search of diversification, yield and growth in the aftermath of the COVID-19 pandemic.
Among those establishing new outposts is Cadillac Fairview, wholly owned by Canada’s Ontario Teachers’ Pension Plan, which is opening an office in Singapore at the end of 2021. U.S. investor Hines has also been expanding into the city state.
Canadian firm Ivanhoe Cambridge is setting up in Australia next year, while Germany’s Patrizia has recently announced plans to expand into Japan.
Transaction volumes have been increasing in APAC for years. But the new office openings come amid rising prices and declining yields for high-quality real estate around the world since the pandemic, prompting a gear-change for investors.
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https://www.jll.com.au/en/trends-and-insights/investor/where-global-investors-are-setting-up-new-offices