Global asset manager PGIM Real Estate has added to its real estate holdings following a number of deals in China and Australia.
The firm has led a joint venture to purchase an apartment building in Shanghai.
The Shanghai Baoshan Powerlong City development was bought from Hong Kong-based developer Powerlong.
PGIM has also partnered with private equity firm Point Capital for a real estate investment joint venture (JV) in Australia.
The JV will have a target portfolio of US$483 million and the initial assets are two projects in Brisbane and Sydney with a combined value of $194 million.
“Institutional investors like us can play a pivotal role in fostering the growth of this sector by providing an attractive and affordable housing solution for young professionals and other renters in the region,” said Benett Theseira, head of Asia Pacific, PGIM Real Estate.
© 2023 funds global asia 
At times like these, HSBC Asset Management easily pivots towards emerging markets.
The spotlight on growth markets and the need to be nimble and dynamic is ever-sharper, given the difficulty in predicting monetary policy in the world’s major nations.
A comprehensive, cost-effective, and transparent currency overlay hedging solution is crucial to mitigate FX exposure risks in the complex landscapes of Japan and China's FX markets, explains Hans Jacob Feder, PhD, global head of FX services at MUFG Investor Services.
Ross Dilkes, fixed income portfolio manager at Wellington Management, examines the opportunities and risks for bond investors presented by the region’s decarbonisation agenda.
Shareholders in Japan no longer accept below-par corporate governance standards. Changes are taking place, but there are still areas for improvement, says Tetsuro Takase at SuMi Trust.
Robert St Clair, head of investment strategy at Fullerton Fund Management, explores the reasons investors should be paying attention to the rising demand for healthcare in China.
China's internet market presents one of the most compelling long-term growth potentials for investors today, given the catalysts supporting the sector from both macro and fundamental perspectives, explains Dr Xiaolin Chen, head of international, KraneShares.
