BlackRock sees new opportunity in China real estate
Fund to target mass-affluent shopping malls and grade "A" and "B" offices in first-tier and selective second-tier cities
Hong Kong
BLACKROCK Inc is ready to increase its China real estate portfolio exposure as it sees good entry points following the weakness in the nation's economy and credit environment, a senior executive of the US money manager said on Monday.
John Saunders, head of Asia-Pacific real estate at BlackRock, told Reuters the fund would target mass-affluent shopping malls and grade "A" and "B" offices in China's first-tier and selective second-tier cities for investments.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Singapore office rents in central region fall 1.7 per cent in Q1 after rising for 9 quarters
Singapore retail rents slip 0.4% in Q1 as vacancy rates creep up
Country Garden plans to present debt revamp plan in H2, sources say
Hong Kong home prices rise for first time in 11 months after curbs scrapped
HDB resale prices accelerate, rising 1.8% in Q1 on stronger demand
Private home prices ease to 1.4% rise in Q1; rents fall a further 1.9%