asia property market update q2 2014
TRANSCRIPT
Capstone RecruitmentAsian Property Market Update Q2 2014
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“Asia’s core Real Estate Capital Markets are awash with capital from China. This is driving hiring in core investment markets including London, New York and Sydney”
AT A GLANCE
Outbound Capital from Asia into core markets continues to increase. The real estate investment managers in core real estate markets are seeing increased capital flows as global investors seek stable investment yield. The main benefactors of this are markets like London, New York and Sydney. We are seeing more hiring in these markets as local managers grow teams to support the inflow of capital.
Research & Strategy back on the map. We are seeing Real Estate Fund Managers, REIT’s and Consultancies ramp up research and management consultancies teams as firms look
to meet investor and clients expectations on new ideas.
Logistics market remains highly active. A number of new players have entered the Chinese Warehouse/logistic market including Warburg Pincus & APG through local manager E-Shang. This is increasing demand on people with experience in the logistics sector.
2013/14 Bonuses were as expected. Most bonuses in Asia are paid out around CNY, bonuses were as expected or on target within the real estate firms. With more movement amongst candidates forecasts for 2014/15 we expect to see upward pressure on bonuses in the next 12 months.
SPOTLIGHT ON OUTBOUND CAPITAL: CHINA
Chinese real estate investors looking at overseas investment continue to increase. The investors range from large institutions to high net worth families and the way they are investing is evolving as they seek better return on their investments. This includes longer term holds on Investment and from 2-3 years to 5-7 year investment periods. This is allowing more sophisticated investment products including club deals or separate account mandates to local managers. On the back of this we are seeing an increase of opportunities to people with understanding of core markets like London, New York, Sydney that have the ability to work on the ground in China. We are also seeing more hiring activity in the markets the money is flowing into. Hiring within real estate advisory teams in London & Sydney has increased on the back of this Capital Flow out of China. As always the opportunities are select and at te senior level the skill sets required for many of these jobs are held by only a few. Having said this we do see this trend increasing and that can only be a good thing for those looking to get into cross boarder real estate investment positions.
Contact Information
Capstone Recruitment T +852 3796 2621E [email protected] www.capstonerecruitment.com.hk
Will HarringtonDirector, Head of Real EstateE [email protected]
Stephanie WongSenior Consultant – Investment, Retail, & Asset ManagementE [email protected]
Jeremy HwangSenior Consultant, Greater ChinaE [email protected]