According to the latest Asian Public Real Estate Association’s weekly REIT report, Asia’s REIT industry has a market capitalization of USD58.86bil, with Japan taking the lead with USD30.5bil Malaysia with 11 REITS has a USD1.43bil in market capitalization which is way behind others like Singapore (USD15.1bil); Hong Kong(USD8.3bil); Taiwan(USD1.53bi) and Thailand(USD1.52bil) [ For the Malaysia [...]

Chinese property trust RREEF China Commercial Trust listed in Hong Kong had asked for an independent valuation of its Beijing office complex after it discovered tenants were paying less rent than expected. This case highlights the risks in China’s booming but immature property market, the Hong Kong-listed real estate investment trust (REIT) said actual rents [...]

Although China has not yet drawn up rules allowing REITs, two mainland Chinese property trusts are listed in Hong Kong namely  RREEF China and GZI REIT  Earlier there is The CapitaRetail China Trust which  is listed in Singapore. REITs, which pay most of their rental income as dividends, have caught on across Asia in the [...]

Announced on 29 August 2007 The Westfield Group (ASX:WDC) today announced its half year results, reporting operational segment earnings for the half year ended 30 June 2007 of $844 million, up 7.4% over the same period last year (on a constant currency basis). This represents 47.27 cents per security, an increase of 5.7%.Net profit for [...]

As discussed in earlier articles particularly in a Retail REIT it is crucial that there should be strong bonding with the client of the REITs, so let’s look at some of the comments from one of the leading global retailer group, Westfield Group:[Extracted from its website:] Retailer Services Westfield‘s success is linked to the success [...]

The Westfield Group is an internally managed, vertically integrated, shopping centre group undertaking ownership, development, design, construction, funds/asset management, property management, leasing and marketing activities.The Westfield Group has interests in total assets of A$52.5 billion, representing 129 shopping centres in four countries with over 10.6 million square metres of retail space, making the Westfield Group [...]