Allocation Strategy

At PERE’s India roundtable published this week, Nitin Gupta, a managing director at Sydney-based advisor Macquarie Capital, said there were between eight and 10 institutional investors seeking local partners for investments in the country currently.

The $79.7 billion pension plan’s real estate commitments at its first board meeting of the year represent one of its largest-ever allocations to the asset class.

For the first time in a decade, Chinese outbound real estate investments surpassed domestic volumes in 2014, as a property slowdown continues to dampen investor sentiment.

Advised by Gaw Capital Partners, the Chinese insurer has confirmed its second property deal in London with the acquisition of the Tower Place for £327 million (€437.92 million; $491.48 million).

The new debt mandate follows the firm's recent closings of more than $2.1 billion for its two real estate funds.

The firm, which will administer the pension system’s $5.7 billion real estate portfolio, will replace Callan Associates.

The $29.2 billion pension system could commit up to $900 million to two new build-to-core ventures.

 High-net-worth Chinese investors are now beginning to invest in the world’s second-tier cities in their hunt for high yields, according to a report by Knight Frank.   

Development is one of the very few ways investors can have a core strategy in Asia, heard delegates at the MIPIM Asia Forum in Hong Kong

Japan’s Government Pension Investment Fund has appointed a senior private equity executive and partner at Coller Capital to lead its investments, following a strategy overhaul earlier this month.