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CBRE Research recently analysed the land and buildings held on balance sheets across 40 ASX200/NZX50 listed companies. What we discovered was that well over $AU24 billion of capital could be unlocked and reinvested into higher returning opportunities in the Materials, Healthcare, Telecommunications, Transport and Industrial sectors in Australia and New Zealand.
There is strong demand from listed and unlisted property funds for long-term leased properties. The ability to capitalise on improving market values, dispose of under-utilised assets and acquire capital to fund other business strategies are just some of the reasons why listed corporates are targeting owner-occupier sales. In the Pacific region alone, there has been a well-worn path of owner-occupier real with c.AU$11 billion already realised over the past five years.
With significant yield compression evident across all commercial asset types since 2015, particularly in the industrial property sector, the opportunity could be even higher than our initial AU$24 billion estimate as corporates in Australia and New Zealand revisit their property occupancy strategies to unlock value.
This article was originally published in https://www.cbre.com/
Download the Report Read MoreAustralia’s residential pricing has reached record highs, with continued strong growth across almost all markets. The national median house price had risen 18.4% over the year to June with the national median unit price up 8.6%. There are signs, however, that price and lending growth is attracting the attention of regulators, with some forms of macro-prudential intervention looming. Initial curbs are likely to target highly leverage borrowers. APRA has already increased the minimum interest rate buffer ADI’s use in assessing loan serviceability from 2.5ppts to 3ppts above the actual loan rate, while Australia’s major banks have begun to take a more cautionary approach to some of their lending criteria.
This article was originally published in https://www.cbre.com/
Download the Report Read MoreThis article was originally published in https://www.cbre.com/
Download the Report Read MoreSectoral performance in real estate is always under the microscope, but it has never been so acutely examined and reported as it has in the past 12 months. As COVID-19 first spread across the Asia Pacific region and then the globe, bringing with it a global recession, investors and occupiers alike sought not only to limit their exposures but also identify opportunities for growth.
Just as we have seen differing performance between commercial real estate sectors, so too have we seen differing performances within the retail sector. In this report, we focus on the upper echelons of retail – the (super) prime retail streets in cities across the region – as well as discuss other relevant aspects within the sector.
This article was originally published in https://www.cushmanwakefield.com/
Download the Report Read MoreCapital Markets
With economic recovery gaining traction, preliminary real estate investment volume in Singapore increased 3.3% q-o-q to $7.317 bn for Q3 2021.
Office
In Q3 2021, the Delta variant outbreak prompted a re-tightening of safe management measures. Despite the precarious situation, some positive signs were observed in Q3 2021.
Business Parks
The leasing performance of the business park market is divided into two tiers; leasing demand is concentrated within the City Fringe submarket while demand for space in the Rest of Island submarket remains subdued.
Retail
Recovery momentum for the retail market continued to be halted by retightened measures. There was recurring pressure on the submarkets that were affected by work-from-home measures and weak travel demand.
Residential
Despite heightened restrictions from end-Jul to mid-Aug 2021, market sentiment was not dampened. New home sales from Jan to Aug 2021 came to 9,265 units, 92.8% of 2020’s volume.
Industrial
On the back of improving occupancies and strong leasing activity, landlords’ rental expectations increased. Occupier activity comprised of third-party logistics, food storage and electronics.
This article was originally published in https://www.cbre.com/
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