News

Sumitomo Mitsui unveils real estate JV

Real_estateSumitomo Mitsui Trust Bank (Sumi Trust) has formed a joint venture with the UK FTSE 100 asset manager, Aberdeen Standard Investments (ASI), to invest in real estate in Japan and “mature” markets in Asia Pacific. The Japanese trust bank’s subsidiary, Sumitomo Mitsui Trust Real Estate Investment Management Co, will co-invest and co-manage the joint venture alongside ASI, and the joint venture will primarily target opportunities in residential assets. This includes multi-family, senior, student and corporate housing in Asia Pacific with a focus on Japan. The joint venture is mainly looking to acquire new build properties, as well as older residential properties that have potential for either renovation, repositioning or conversion. “A continued trend towards urbanisation in Japan, especially the largest cities like Tokyo and Osaka provides the structural underpinning to the joint venture’s strategy, bolstered by significant rental and yield gaps between new and older buildings,” ASI said in a statement. “Similar trends amongst the Asia Pacific region’s largest cities will support its residential real estate investments beyond Japan.” Kang Puay Ju, head of real estate for Asia Pacific and global head of real estate multi-manager at ASI said: “Over the next decade cities in the Asian Pacific region are set to experience very strong growth, fuelled by both domestic and foreign immigration to major metropolises, which bode well for housing demand over the medium-term.” ASI added that environmental, social and governance (ESG) factors will be “fully embedded into the investment process” and aims to support sustainable social development through ESG-screened investments in Japan. ©2019 funds global asia

Sponsored Profiles

Sponsored feature: Asset allocators – How do you track your decisions?

Apr 06, 2020

Mark Barry, Head of Asset Allocation at Milestone Group, explores how a simple question can highlight opportunities to automate and streamline your asset allocation investment process.

Sponsored feature: How is DLT changing the global securities services landscape?

Oct 17, 2019

By Jeslyn Tan, global head of product management, securities services, at Deutsche Bank

Sponsored feature: A new base for fund distribution

Oct 16, 2019

To get the most value out of the digitisation of investment fund distribution, a blockchain-based infrastructure is fundamental. By Olivier Portenseigne, Managing Director and Chief Commercial Officer, Fundsquare.

Sponsored profile: Bridging the gap

Mar 11, 2019

Private equity is a core part of the business for Caceis’ Hong Kong office, which looks after clients in China and Europe. David Li, chief executive officer, explains why private equity enjoys strong client demand and how it is being used to fund China’s international infrastructure ambitions.

Executive Interviews

Executive interview: Understanding geographies

Apr 06, 2020

Margaret Harwood-Jones, co-head financing and securities services at Standard Chartered, shares her insights on platform standardisation, opportunities in Asia and regulatory change to encourage...

Executive interview: ‘Bull markets don’t die of old age’

Dec 12, 2019

Having a balanced portfolio in the midst of the longest expansion in history is an investment imperative, Chris Alderson, co-head of global equity and head of international equity at T Rowe Price...

Roundtables

Hong Kong roundtable: A ‘fragile Goldilocks situation’

Apr 06, 2020

With the global economy at a crossroads, our panel of experts share their thoughts on the market conditions, geopolitical volatility and growth opportunities. Chaired by Romil Patel in Hong Kong.

Singapore roundtable: A horizon to hold long-term assets

Dec 12, 2019

Panellists discuss the geopolitical fractures concerning asset owners, Singapore as a hub for fintech start-ups and why it makes sense to raise capital from a Variable Capital Company (VCC). Chaired by Romil Patel in Singapore.