Knowledge Hub

COVID-19 Driving Growing Demand for Data

Despite the ongoing geopolitical uncertainties and COVID-19 outbreak, activity in the Hong Kong data center market has remained red hot. In one of the largest leasing transactions this year, US-based data center REIT Digital Realty announced in early July that it agreed to lease a newly completed purpose-built data center at 11 Kin Chueng Street in Kwai Chung as the operator’s second facility in the city.

Download the Report Read More

The legal, tax and regulatory framework for investment funds is driven not just by the letter of the law but also by unwritten and commonly understood regulatory and tax customs. SEBI’s approach continues to move away from laissez-faire to one that is distinctively hands-on. For instance, SEBI prescribed the form of private placement memorandum to be used by alternative investment funds in early 2020. More recently, SEBI has prescribed minimum experience standards for key personnel and introduced statutory liabilities for investment committee members. The tax authorities, on the other hand, are becoming more aware of complex offshore fund structures and looking at innovative fund structures more carefully.

Whilst a majority of the global financial sponsors still choose to invest in India out of their flagship funds with limited or no specific allocation for India, there has been an increasing trend in the past few years to raise India focused pools of capital. These could be in the form of vanilla blind pools or quasi-fund structures such as investment platforms or managed accounts with financial sponsors (or increasingly with developers) investing in private equity, private debt, public equity and public debt.

This paper aims to assist global fund counsel and fund managers on India focused fund formation from a legal, tax, regulatory, commercial and strategic perspective.

Download the Report Read More

On 30th April 2020, The National Development and Reform Commission and The Securities Regulatory Commission jointly released the "Regulations regarding the Launch of China Infrastructure Real Estate Investment Trust (REITs)". This announcement marks the beginning of C-REITs in the Chinese market.

Asia Pacific Real Estate Association (APREA) has been actively supporting the launch of REITs in China. APREA offers views and experience from International REITs markets to help craft a unique China REIT regulatory framework. In addition, APREA has been promoting REITs knowledge globally to increase awareness of REITs potential.

With this regard, APREA has invited key players in the REITs industry to share their thoughts on C-REITs potential. The China REITs Handbook" is an educational manual on China's REITs, to allow the public, industry personnel and investors to better understand China's REITs. Asia Pacific Real Estate Association together with King & Wood Mallesons (China), KPMG (China), Cushman & Wakefield (China), and Guanghua School of Management, Peking University have jointly produced this manual.

Click Here To Purchase Download the Report Read More

随着今年4月30日国家发改委和证监会联合发布的《关于推进基础设施领域不动产投资信托基金（REITs）试点相关工作》的通知，标志着中国公募REITs新的起航。

亚太房地产协会（APREA）也在积极协助推动中国REITs的发展，为中国提供我们国际REITs先进经验，以协助建立即具中国特色又具国际竞争力的REITs制度而努力。同时，协会也在积极参与REITs的教育和普及，让更多人认识REITs。

对此，协会有幸邀请到国内众多知名REITs专家和学者一同撰写《中国REITs手册》，此手册为一个持续更新的普及中国REITs的教育型手册，为让大众、行业人员及投资者更好地理解中国REITs。本手册由亚太房地产协会（APREA）、北京大学光华管理学院、金杜律师事务所（中国）、毕马威（中国）、戴德梁行（中国）的专家、学者共同完成。

Download the Report Read More