MIPIM ASIA 24 ONE BOOK

ABOUT NEW MURABBA

At New Murabba, we aim to seamlessly blend technology, innovation, and sustainability. We champion a dynamic corporate spirit—a centre of progress, creativity, and entrepreneurship, harmonizing with nature's beauty and authentic culture. We are creating the world’s largest, modern, downtown – that will support Riyadh’s ambition to become one of the world’s “ten most livable cities,” by being “born smart,” sustainable, and anchored by 15-minute city principles.

infrastructure to advance sustainable urban development in the Kingdom.

Phase 1 of New Murabba’s core downtown opens at the end of 2030, and is ready to reshape the future of urban experiences –for its residents, workers, and visitors from across the globe.

BUILDING ON STRENGTHS & PARTNERSHIPS

ACROSS ASIA PACIFIC

ARCH Capital is a specialized real estate private equity firm that aims to deliver superior risk-adjusted returns in the Asia Pacific region. Established in 2006, ARCH focuses on opportunistic, value-add, and core/core-plus strategies across major markets within Asia Pacific.

Over its 18-year history, the firm has built a robust infrastructure comprising 10 regional o ices. This extensive network has enabled ARCH to construct a diverse portfolio with a Gross Asset Value (GAV) of US$15.1 billion. The portfolio encompasses various investment vehicles, including funds, joint ventures, co-investments, and separate accounts.

ARCH Capital is headquartered in Hong Kong with o ices and physical presence in all invested locations across Asia Pacific.

Our Investment Footprint

$15.1bn 53

WELCOME once again to MIPIM Asia 2024, the most important real estate summit for the region.

We come together at a time when macro-economic improvements bode well for global capital markets, even in a climate of heightened geopolitical noise.

We are proud to provide a platform for discussions about the industry’s outlook, which gain even more significance during pivotal moments for our international communities. From MIPIM Asia in Hong Kong to MIPIM in Cannes, our events provide unique access to global capital and concrete solutions to make assets more sustainable in a rapidly changing world.

As global inflation and interest rates move in the right direction many investors believe that real assets are becoming more attractive; market liquidity is returning, alongside consensus around pricing. With real estate once again in the spotlight, topics from debt to digitalisation, as well as decarbonisation, are top of mind.

MIPIM Asia is an opportunity to join our Decarbonisation panel, as well as consider how issues like social responsibility have moved centre stage in the industry. We also welcome delegates from around the globe, from Georgia to the Middle East, underlining how the investible universe is expanding, while our world gets closer together. Hong Kong has been the host city of MIPIM Asia every year since we started, to which we remain committed as Hong Kong is the centre of APAC.

Meanwhile, we are proud to build bridges that drive public and private investment partnerships, improving not only urban environments but also the infrastructure that connects them. While others focus on the macro, we also understand that the micro is fundamental — fostering communities, promoting diversity and equity, and placing end-users at the heart of an industry that listens to their needs.

As we launch the 18th edition of MIPIM Asia, we are reminded that we have seen several economic and business cycles, affecting the real estate industry in so many ways. From the GFC market crash to the black swan of the pandemic, we have seen that opportunity comes from crisis, and continue to provide the ultimate summit joining stakeholders together.

While many of the challenges and opportunities of 2025 are still in the balance, those that are best prepared often make the best decisions. Insights, connections and light-bulb moments await at MIPIM Asia 2024. n

Nicolas Kozubek – Head of MIPIM Markets

Christine Lam – Asia-Pacific Regional Director

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Meet the Opportunity London delegation at MIPIM Asia to hear about the next wave of investible opportunities across London. Visit opportunity.london to find out more.

•Lease Manager - Understand portfolio health and manage tenant risk

•Deal Manager - Close more deals faster, with a dynamic leasing solution

•Forecast Manager - Accurately forecast portfolio health

•Construction Manager - Keep construction projects on time and on budget

•Facility Manager - Gain complete oversight of maintenance across your portfolio

•Retail Manager - Visualise your customer relationships to boost efficiency

“Leverage the complete Yardi Elevate Suite to gain in-depth operational data, streamline revenue and expense forecasting and enhance portfolio management.”

APAC region leads global crossborder capital flows in H1 2024

THE APAC region led global cross-border capital flows in the first half of 2024, according to Colliers’ latest global capital flows report.

The new research from Colliers has found the Asia Pacific region was home to four of the top 10 global cross-border capital sources in the first half of 2024 — Singapore, Hong Kong, Japan and China.

“Improving fundamentals are set to create new investment opportunities in the months ahead, with global rate cuts signalling positivity for real estate markets,” said Chris Pilgrim, Colliers’ managing director of global capital markets, Asia Pacific,

In terms of global capital targeting standing assets, Japan and China were in the top five destinations globally with Australia also representing the APAC region within

the top 10. The office sector was the most sought after in terms of investment activity in APAC in the first half of 2024, followed by industrial.

Pilgrim said: “While 2024’s

TPG inks €636m deal for Grand Nikko Tokyo Daiba

GLOBAL alternative asset management firm TPG Angelo Gordon has agreed to acquire hotel property Grand Nikko Tokyo Daiba in Japan from Hulic Co, in a deal which values the property at ¥106bn (€636m).

In partnership with Japanese real estate asset management company Kenedix, TPG will take over the 882-room property, which comprises six restaurants, a fitness centre and spa, retail units and event spaces across its 29 storeys. The deal comes after the firm raised nearly US$8bn (€7.6bn) in May to target Asian private equity and

real estate. The fund closes included its eighth Asia-focused private equity fund, TPG Asia VIII, as well as its first TPG Angelo Gordon Asian real estate funds, TPG AG Asia Realty Fund V and the TPG AG Japan Realty Value Fund, since the firm completed its acquisition of TPG Angelo Gordon in November 2023.

The real estate funds — Asia Realty V and the debuting Japan Realty Value fund — closed with more than US$2.5bn of capital in aggregate, with both funds exceeding their respective fundraising targets.

Asia Realty V, which closed more than 50% higher than its predecessor, seeks to capitalise on attractive opportunistic real estate investments with a focus on sourcing off-market transactions in the Japan, Korea, China, Hong Kong and Singapore markets. The Japan Realty Value Fund will target value-add real estate opportunities in Japan, focused primarily on the acquisition of equity interests in real estate across various product types, including industrial, office, residential and retail.

“These successful campaigns reflect the strength of our performance and the quality of our platform in Asia,” said Jon Winkelried, CEO of TPG.

“Since establishing in the

market gains will be moderate, 2025 will see a much greater spread to yields emerge, opening up more of the market to buyers and vendors as valuations adjust.”

He added: “Most major global economies have put the idea of recession behind them, with GDP rates improving year-on-year. Importantly, GDP growth forecasts for developed economies show a general improvement in 2025 and again in 2026, no doubt supported by subsequent rate cuts.

“APAC is a powerhouse of economic activity, offering diverse investment opportunities across traditional sectors such as residential, commercial and industrial and logistics as well as growing specialised sectors like data centres and cold storage.”

region nearly 30 years ago, TPG has built a multi-strategy, scaled franchise with over 250 employees across nine cities managing over US$35bn of AUM.”

The Grand Nikko Tokyo Daiba has 882 keys

Singapore is among the leading global capital sources

QuadReal finds ‘high conviction’ investment opportunities in Asia

“HIGH conviction” sectors that benefit from “long-term secular trends” are driving QuadReal Property Group’s strategy in Asia Pacific, according to Nat Miller, senior vice president, Asia.

“As a leading provider of housing globally, the living sector is one of our areas of highest conviction. We are specifically interested in markets suffering from housing shortages that are driven by positive demographic trends and supply barriers,” Miller said.

Hong-Kong based Miller, who reports to Jonathan Dubois-Phillips, president, international real estate, recently took over management of the firm’s Asian Pacific Portfolio. Peter Kim, who

previously held the position, will be taking over the leadership of QuadReal’s global strategic partnerships team.

A member of the QuadReal team since 2016, Miller is tasked with overseeing QuadReal’s existing C$3.9bn (€2.6bn) portfolio across Asia Pacific and growing the business in key markets including Australia, Japan and Korea.

Miller added: “QuadReal’s global industrial portfolio is 141.5 million sq ft and we are looking to continue to grow this portfolio in markets with high e-commerce activity and demand for high-quality, well-located warehousing facilities.

“QuadReal has a growing alternatives portfolio, consisting of assets including data cen-

tres and cold-storage facilities. In the Asia Pacific region, we are also looking to focus on counter-cyclical sectors such as data centres which benefit from supply barriers and sustainable demand from hyperscale customers.”

The firm expects it will predominantly continue to focus on the developed markets of Japan, Australia and Korea.

“These markets offer both robust liquidity and transparency, two qualities that are important to us and our clients,” Miller said.

“Japan’s multifamily market has deep liquidity attracting both domestic and cross-border capital,” Miller added, while describing Australia as “an attractive

Jardine Schindler Group reaches 50-year milestone in the region

AS ASIA’s urban landscapes evolve, Schindler Group and Jardine Schindler Group (JSG) have become synonymous with moving people via sustainable, innovative elevator and escalator solutions. Celebrating Schindler’s 150th anniversary and JSG’s 50 years as a joint venture between Schindler Group and Jardine Matheson, these milestones reflect a legacy of enhancing urban life. Operating across Hong Kong, Macau and Southeast Asia, JSG designs, engineers, installs, maintains,

and modernises elevators, escalators and moving walkways to enable safe and efficient urban mobility.

To meet growing demand for sustainable urban development, JSG integrates ESG principles, pioneering technology and diversity into its operations. Schindler R.I.S.E, a robotic system that maximises productivity and enhances safety by automating critical aspects of elevator installation, exemplifies JSG’s commitment to innovation. Schindler MetaCore supports flexible

developed country for investment, with high liquidity, transparency, strong population growth and strong rule of law”. He called South Korea a target market “particularly in the data-centre and industrial sectors due to the country’s strong real estate investment liquidity, technology growth, and one of the highest e-commerce penetration rates in the world”.

building designs, enabling elevator systems to adapt to various applications — extending building lifespans and achieving lifetime sustainability. With a workforce reflecting Asia’s diversity, JSG fosters an inclusive culture that drives innovation and responsiveness to urban needs. This approach fuels creativity and reinforces JSG’s role as a leader in the industry.

Calynn Tan

“Our vision is to create spaces that don’t just meet current needs but anticipate future demand for smarter, greener cities,” said Calynn Tan, CEO of JSG. “Our commitment to ESG principles and people-centric innovation ensures that our solutions evolve alongside Asia’s rapidly transforming urban landscape.”

JSG’s

QuadReal‘s Nat Miller

UK strategy offers bright future for Asian capital

THE UK is open for business, with a “number one mission” of growth, according to Poppy Gustafsson, minister for investment at the UK’s Department for Business and Trade. Re-

cently appointed, Gustafsson told MIPIM Asia One Book that there were multiple opportunities for overseas capital to be a part of the UK’s bright future. The UK government’s recent International Investment Summit saw the launch of ‘Invest 2035: The UK’s Modern Industrial Strategy’, which Gustafsson described as a “Green Paper to consult with businesses on how to develop our long-term plans”. It comprises investment opportunities across sectors like advanced manufacturing, clean-energy industries, creative industries, defence, digital and technologies, financial services, life sciences and business servic-

es. “Given the theme of MIPIM Asia, I must stress how important the delivery of commercial and residential real estate is to growth and delivering our Industrial Strategy aims,” Gustafsson said.

The government also recognises the importance of the energy topic, she added. “Ending the de facto ban on onshore wind facilities, green-lighting two hydrogen production plants, and nearly doubling the amount of funding for renewable energy projects with a £4bn (€4.8bn) commitment made to clean energy next year alone, we are also prioritising energy projects in the planning sys-

Shui On Land to grow through ‘strength and track record’

HONG Kong-listed Shui On Land plans to leverage its “strength and track record in urban regeneration,” according to CEO Jessica Wang, as China’s property market undergoes a “significant structural adjustment that will take years to recover”. Looking forward, the firm plans to “further explore and capture emerging urban regeneration opportunities in top-tier cities across the Yangtze River Delta and Greater Bay Area in a highly selective manner”, Wang said.

The firm will strengthen its “core competencies and differentiation in community building and operations to provide consumers with a unique Xintiandi community experience” as well as enhance the “leadership positioning of Lakeville brand in the luxury housing market”. Shui On is looking to establish a leadership position in Shanghai’s mid-to-high-end market segments and is furthermore implementing an “asset-light” strategy for its business pipeline and sustainable growth, Wang added.

tems to speed up the investment lifecycle.”

Real estate will take centre stage, she underlined, thanks to key planning reforms. “Two plans for data centres have already been approved, along with major housing developments. If any investors are facing planning delays for largescale projects, then we want to hear about it. I would encourage investors to work with our teams across our 150+ embassies and missions in over 100 countries who are working to assist investors and provide the strongest possible government support to navigate their investment journey.”

Fireside Chat with UK Minister for Investment, Baroness Gustafsson OBE, Tuesday, December 3, 15:00 - 15:30

Shui On was the first developer in China to commit to the Science-based Targets Initiative (SBTi) and its 1.5°C-aligned targets. “As part of our ongoing efforts to address climate change, Shanghai Xintiandi has been powered entirely by renewable electricity since July 2024, making it the first integrated commercial complex in Shanghai’s city core to attain this milestone. This is our third project to transition to green electricity, following Nanjing IFC in 2022 and Wuhan Tiandi in 2023,” Wang said. “These initiatives will accelerate progress towards SBTi Scopes 2 and 3 emission targets by increasing the group’s total electricity consumption from renewable sources to 45%, and also further underscore Shui On’s commitment to sustainability.”

Shui On Land’s Jessica Wang

UK minister Poppy Gustafsson

Gore Street attracts investors to Japan energy-storage fund

GORE Street Capital has successfully completed a fundraising round for Japan’s first fund dedicated to grid-scale energy storage systems, dubbed the Tokyo Energy Storage Investment Limited Partnership, alongside the ITOCHU Corporation.

The two firms were selected as the managers of the Tokyo Metropolitan Government’s (TMG) energy creation and energy storage promotion fund following a competitive process held in 2023. Gore Street and ITOCHU subsequently established a joint venture company as a general partner

of the fund in February 2024.

Gore Street has also established a wholly owned subsidiary, Gore Street Japan, to support the general partner’s investment activities.

The fund will primarily focus on the Kanto region, home to approximately a third of Japan’s population. This is Japan’s first specialised fund dedicated to the integrated development and operation of battery-storage facilities, including those co-located with renewable energy projects. The fund will invest in projects during development and subsequently construct

New Murabba is set to redefine urban living

GLOBAL investors, including the Asian investment community, are turning their gaze to Saudi Arabia, where New Murabba is taking shape, a planned mixed-use development in northwestern Riyadh and easternmost Diriyah.

According to the project’s principals, New Murabba is poised to redefine urban living as the world’s largest modern downtown. It is designed to be a smart, sustainable city, adhering to 15-minute downtown principles where residents can access daily necessities within a short walk or bike ride. Imagine a thriving hub with over 100,000 homes, 9,000 hotel rooms, abundant retail and entertainment options, and

essential amenities including schools and hospitals, all integrated within 27 million sq m of development.

At the heart of New Murabba lies the Mukaab, an architectural marvel that pushes the boundaries of scale and technology. The cube towers 400 metres high, capable of holding 20 Empire State Buildings.

The Mukaab promises an im-

and operate the assets.

In addition to the Tokyo Metropolitan Government and ITOCHU, which invested in the fund in March 2024, key investors to date include The Bank of Yokohama, Fuyo General Lease Co, Honda Motor Co, Japan Post Holdings and Mitsubishi Estate. The process was supported by Nomura Securities, acting as a financial advisor.

Suminori Arima, chief investment officer at Gore Street, said: “We are pleased to announce the completion of this fundraising round for Japan’s first dedicated energy-stor-

mersive, futuristic experience, blending digital and holographic technologies to create a “gateway to another world”.

This iconic structure will be a defining feature of Riyadh’s skyline and a global landmark. New Murabba presents a wealth of opportunities for overseas investors across diverse sectors, including retail, tourism, technology, construction, sustainability and finance.

The development’s scale and ambition create a demand for expertise, innovation and part-

age fund, which has received support from private and public investors.

“The market conditions in Japan are poised to offer significant opportunities for battery assets. Through this collaboration with ITOCHU, we are excited to build on our experience and help shape the future of the Japanese energy-storage sector.”

nerships. Foreign investors can contribute to the development of cutting-edge infrastructure, smart-city technologies and world-class amenities.

Furthermore, New Murabba serves as a strategic gateway to the burgeoning Saudi Arabian market, the largest and fastest-growing economy in the region. By participating in this ambitious destination, international investors gain access to a dynamic market and contribute to shape the future of urban development.

New Murabba, before and after

Energy storage is under the spotlight

Crystal Investment spies opportunities in PBSA HONG KONG ’s Crystal Investment struck two key deals this year to expand in purpose-built student accommodation. These included the acquisition of a hotel in the second quarter, and a residential deal in the third quarter, increasing the firm’s assets under management to five. “We are pleased to have completed these two important acquisitions in a short period of time,” said Crystal Investment chief investment officer Andrew Chan. “We remain optimistic about the development of the private student accommodation market in Hong Kong, as well as the growing demand for accommodation driven by the increasing number of non-local students in Hong Kong in recent years.” Chan added: “With the government’s ongoing efforts to develop Hong Kong into an international education hub, Crystal is poised to invest further in this sector as demand grows.”

Asia sees dynamic financial services growth

ASIA’s financial services industry is experiencing significant growth, supported by structural growth trends such as digital transformation, economic expansion and increasing urbanisation, according to Shelley Boland, global head, corporate real estate & services, Standard Chartered Bank. Said Boland: “This dynamic environment underscores the critical role of real estate in shaping the financial services sector, particularly in attracting and retaining top talent. A well designed, agile workplace not only fosters collaboration and innovation but also drive productivity, contributing directly to business outcomes.”

Boland noted that as the landscape evolves, flexibility in real estate strategies will become even more critical. “Adaptive portfolios enable the bank to quickly seize market opportunities and respond to shifting client needs, enhancing operational efficiency.” She added: “Leveraging technologies, such as AI-driven building management and data analytics, further strengthens decision-making capabilities and operational resilience.” For success in retail banking, “well-designed spaces provide immersive experiences that can enhance customer experiences and deepen client relationships”, Boland said.

“Traditionally considered as a cost centre, real estate has undergone a transformation and has emerged as a strategic enabler of growth and innovation.”

Looking to next year, Boland said that the firm’s corporate real estate services team would continue to pursue transformation. “We will continue to adjust our portfolio and improve space use according to the diverse needs of different markets and regions to serve the needs of our colleagues around the world,” she noted. “We’re working to revamp retail branches that go beyond traditional banking.”

DBS wins global banking awards

AS A leading financial institution in Asia, DBS is well-positioned to support investors in navigating compelling real estate opportunities in the region. The bank was recognised this year by Euromoney as the World’s Best Bank for Real Estate, as well as picking up gongs as Asia Pacific’s Best Bank for Real Estate, and Hong Kong’s Best Bank for Real Estate. In delivering the Asia Pacific Award, Euromoney noted that the real estate income of DBS has been growing in the region despite market challenges, thanks to its strategic initiatives and remarkable deals. Sustainability has always been a key focus, and the bank continues to drive industry-wide change through innovative partnerships and pioneering financial solutions, including sustainability linked loans. With its deep understanding of the local mar-

kets, extensive Asian network, and experienced relationship-management teams, DBS can provide valuable insights and tailored solutions to help corporates capitalise on the growth potential of Asian real estate.

DBS Bank’s Sherman Hung

Standard Chartered Bank’s Shelley Boland

Crystal Investment’s Andrew Chan

Georgia is a thriving tourist and investment destination

STRATEGICALLY located at the crossroads of Europe and Asia, Georgia is becoming a top destination for hospitality investments, according to Mikheil Khidureli, CEO of Enterprise Georgia. “The country’s stunning landscapes, UNESCO-listed cultural sites, and 8,000 years of winemaking tradition attract tourists seeking authentic experiences. Combined with its rich gastronomy and renowned hospitality, Georgia offers visitors a deep connection to its heritage,” Khidureli told MIPIM Asia.

Georgia’s business-friendly environment further enhanc-

es its investment appeal. Ranked as the “#1 Business Location” in the World Bank’s B-Ready 2024 report, it boasts low tax rates, including 0% on reinvested profits and only 15% on distributed earnings. Transparent regulations and efficient permit processes make it an ideal location for foreign investment. In 2023, Georgia welcomed over 7.1 million international visitors, generating US$4.2bn (€4bn) in tourism revenue, underscoring the sector’s robust growth. Hospitality and real estate are among the fastest-growing sectors, with

major global hotel brands like Hilton, Marriott, and Radisson present and expanding on the market, signalling strong investor confidence.

Infrastructure upgrades, including expanded airports and road networks, enhance connectivity and access to tourist destinations. Visa-free entry for nationals of over 95 countries, including China, EU, US, Canada, Gulf states and many more, fosters both tourism and business activity. Recent agreements with China, such as the Strategic Partnership Agreement, visa free travel, free trade agree-

Panattoni breaks ground on first logistics development in India

GLOBAL logistics developer

Panattoni has commenced work on the first phase of Panattoni Park NH71 in Delhi NCR, its first project in India. The first phase totals 360,000 sq ft (33,445 sq m) of grade A logistics space, with its sustainability credentials comprising 100% wastewater recycling and expansive green cover. The Park will include plenty of loading bays, floor tolerance and accommodation to ensure efficient logistics procedures as well as ample parking, roads, mezzanine office space and compliant fire protection system.

Panattoni Park NH71 is located on National Highway 352 (for-

merly NH71) in the Jhajjar district of Haryana, neighbouring major industrial centres like Luhari and Farrukhnagar. It is expected to generate significant employment opportunities.

Robert Dobrzycki, CEO and co-owner of Panattoni Eu-

rope, UK, Middle East & India, said: “India is a vital hub for our global operations. We are committed to accelerating our expansion across the country.

Panattoni Park NH71 serves as our gateway to India’s dynamic industrial market, marking

ment and addition of direct flights, are fuelling tourism growth from this key market. With its rich heritage, growing tourism numbers, and investor-friendly policies, Georgia offers a thriving environment for collaboration and investment in the hospitality and real estate industries.

our inaugural venture with the groundbreaking of Phase 1 in Delhi-NCR. This premier warehouse reflects our commitment to offering world-class spaces that empower businesses and drive economic growth.”

Sandeep Chanda, managing director India, Panattoni, said: “Panattoni Park NH71 brings our advanced design and construction expertise to the region. This project will leverage our access to a vast international occupier network, meeting the growing demand from Indian companies for sustainable industrial and logistics.

“The trends driving this demand, such as increased supply-chain efficiency, the surge in ecommerce, and the consolidation of third-party logistics providers, reflect global developments that are now strongly present in India.”

How Panattoni Park NH71 will look

Enterprise Georgia’s Mikheil Khidureli

MIPIM Asia 2024

NAVIGATING IN A NEW ERA

Megatrends drive opportunity

Data and decarbonisation are two key themes shaping the future of real estate, creating both

chances and challenges

Real estate investors in Asia are being urged by sector leaders to embrace the megatrends driving change across the industry — or risk being left behind.

Topics ranging from decarbonisation to data, demographics to debt, have irrevocably altered the outlook for real estate and the evolution of its capital markets, according to Simon Smith, head of Asia Pacific research and consultancy, Savills. “Real estate tends to be affected by structural change, cyclical change and market specific factors,” he says. “Struc-

tural issues, such as the impact of technology and AI, or changes to the way we work and shop, have a long-term impact and are highly disruptive.”

A key outcome of recent trends has been the emergence of new “asset classes which are far more numerous and demand more specialised skillsets from real estate professionals”, he adds. From demographics backing the development of senior or student housing, to debt issues prompting the launch of alternative finance platforms, the investible universe is expanding exponentially.

Data driving change

The growth of AI, backed by an increase in accessible applications, is driving both demand for data centres and a race to apply AI in real estate.

Bernie Devine, senior regional director, Asia Pacific at property-management software company Yardi, sees AI-powered tools as essential for crunching all the data that buildings create today and contributing to the decision-making process. “In residential property, the expectation of the consumer is changing rapidly, so anyone who doesn’t adopt technology to enhance the customer experience is going to be left behind,” he says. Devine notes that the challenge is slightly different for commercial real estate, where “in the future, a prime-grade building would have its own AI and be able to tell its owner how it is performing”. In turn, investors, owners and managers now tend to embrace technology “to analyse data and understand the users of their properties”.

Devine adds: “The challenge we have had until recently has been that there was too much data to analyse. AI has changed that dynamic because it can process large volumes of data very quickly.” He says that the analysed data, while useful, can give landlords a sense that they have “too many decisions to make”. He adds: “Therefore, the deep investment in AI has got to be around experiences in real estate — not to necessarily make the decisions, but to recommend the decisions that people must take.”

Devine finds that property owners and managers are turning to Yardi to provide “tools that leverage the deep knowledge that is in our customer data”. He adds: “I look at a building as a device, in terms of hardware, software, operating systems, application modules and ultimately user experience. If you approach real estate like that, it quickly becomes apparent that you need to automate everything.” The downside lies in cyber risks, where automated buildings are vulnerable to

Located at Lok Fu Place in Hong Kong, Link Sustainability Lab is a not-for-profit educational project to popularise sustainability concepts

attacks that close them down or steal information. “You have to be very vigilant about data,” Devine says. “Data security has been neglected for too long — we are constantly working on improving cyber security in the face of increasingly sophisticated cyber criminals.”

The net-zero challenge

Climate change and the associated risks to the built world — as well as real estate’s responsibilities around carbon emissions — have coalesced in increasingly stringent industry environmental, social and governance (ESG) goals. Smith notes that while Asia hasn’t exactly been a global pioneer in sustainability compared to other continents, that is rapidly changing. “In the more internationalised markets, tenants and investors are often multinational or cross-border, creating a powerful impetus among developers to comply or import standards from other regions,” he says. Meanwhile, he adds that coun-

tries such as China, historically a net importer of energy, have quickly grasped the business case for renewables. In 2020, the Beijing government pledged to reach 1,200 gigawatts of renewables capacity by 2030, more than double its capacity at that time. Yet at the present pace, China should meet that target by 2025 and could boast as much as 1,000 gigawatts of solar power alone by the end of 2026, according to Yale research. Market leaders in real estate are also asserting their fiduciary responsibilities. Singapore’s sovereign wealth fund, GIC, has described the effects of climate change as becoming “more intense and unpredictable”. In this year’s annual report, GIC CEO Lim Chow Kiat explains the institution’s approach. “Transition risk can be viewed as more imminent as policy actions are required now to ensure a smooth transition,” he writes. “Physical risk, however, will likely become more important over the long term as temperatures continue to rise globally.”

George Hongchoy, group CEO of Link Asset Management, says that “the rapid evolution of ESG has reshaped industry standards”, but warns that “expanding priorities and ever-shifting expectations are making it challenging for companies to keep pace”. He adds: “ESG remains critical in the way investors and stakeholders judge companies going forward.

“At Link, we started our journey on ESG a long time ago and with an understand-

ing that it requires on-going effort and evolution, rather than being something that can be fixed and finished. We remain committed to addressing these areas strategically, ensuring our ESG approach aligns with both regulatory developments and investor expectations.”

Hongchoy explains that besides fulfilling its reporting duties, “Link has developed and streamlined its ESG strategy over the years to focus on four key areas that create long-term value: decarbonisation, climate resilience, stakeholder engagement, and transparency. This refined approach is built on valuable and robust experience that enables us to address the issues that impact our business the most.”

Link has been actively reducing carbon emissions and improving energy efficiency across its investment portfolio. “It is also our top priority to ensure that our assets are well protected and resilient to physical climate change risks such as floods and typhoons,” Hongchoy says. “Link collaborates with various stakeholders effectively, such as tenants, investors and partners, to achieve our ESG goals, and we are committed to clear and transparent disclosure to effectively communicate with the public on the efforts made and the results delivered throughout the journey.” n

MIPIM ASIA 2024

Tuesday, December 3, 10.00-12.00

Navigating in a New Era: Digitalisation & Decarbonisation

Singapore’s Jewel Changi Airport provides an exemplary wellness experience

Savills’ Simon Smith

Link Asset Management’s George Hongchoy

ALTERNATIVE INVESTMENTS

Exploring the alternate universe

Key themes are driving the viability of investing in diverse asset classes, from healthcare to logistics and infrastructure, which increasingly align with social needs

From logistics to healthcare, data centres to renewable energy plants, real estate and real asset investors today face a growing panorama of diverse options. Yet the expansion of the investible universe into alternative asset classes is no surprise, according to Collin Lau, founder of BEI Group, an Asia-based global real estate and alternative investment and operating company.

“Real estate serves consumer society and their space requirements. With changing demographics and consumption patterns, the users look for amenities, services and value-added operations, rather than just plain-vanilla spaces. AI and new technologies cause disruptive changes further,” Lau says. However, many of these asset classes demand a much more hands on approach, and with complexity comes consequences. “Historically, the inertia in institutional real estate to shy away from operational intensity is partly a result of the conventional paradigm

of seeing real estate as an alternative proxy of fixed income,” he says. “For a decade of low-interest-rate environments before, much of core and coreplus real estate allocation stems from the arbitrage between property yields and risk-free/low bond rates. Flooding of ‘cheap’ money is no longer the norm. When the tide goes away, there is a real shift to those whose operational expertise build moats and differentiate from financial engineering.”

Medical real estate

Medical real estate is one niche where Lau’s BEI Capital has developed the required expertise. “In the case of medical real estate, the operating platform that my firm builds has to simultaneously serve the users (patients and their families), the providers (medical professionals), the rule-maker and providers (government and public health services) and the investors. While it sounds challenging, whoever builds the platform has created significant entry barriers.”

Demographics is a key factor driving interest in healthcare investment, with aging populations in countries like Japan and an expanding reputation for health and beauty in Korea helping institutionalise the asset class.

Lau says: “Japan and Hong Kong present the track record of the longest longevity of life expectancy in the world, exceeding the US by around nine years. They are closely followed by the neighbouring territories.

“The maths are driven by: density of population, aging demographics, average longer lives, general paradigm and determination to save lives due to Asian culture and proximity of hospitals/clinics nearby, growing affluence, rapid penetration of commercial insurance and government subsidies.”

For Lau, the segment has the potential to include what he calls the “full healthcare value chain from preventive, diagnostics, treatments to rehabilitation medicine, and in parallel, day care to long-term care”. He adds: “Active aging

ESR Kendall Square is Korea’s first pure-play logistics REIT

will be increasingly important as generally the aging group of 60s to early 70s will be in their new middle-age, so the new opportunities will not only be on senior living, but also how to provide consumer amenities for the healthy aging in place, which will implicate new forms of residential institutions.” Lau suggests that the aging market will also see “sky-rocketing growth in new aging technologies that require data processing and AI, such as imaging, AI-assisted personal training, vitality data etc”. Despite these signs of sector expansion, Lau suggests that international investors active in Asia Pacific are “generally under-allocated in APAC accommodation and separately healthcare real estate”. He notes: “I have always been a believer of platform investing that focuses on specific sectors of operational real estates. Outstanding deals are not easy to come by everyday but the 2025 vintage is probably a far better one in terms of risk-returns.”

Logistics

Other secular trends in recent decades have driven the expansion of the logistics sector, today a real estate asset class of increasing depth and diversity. From high-tech cold warehouses to industrial outdoor storage, from last-mile assets to multi-storey buildings, investors have contributed to the expansion and consolidation of the sector.

Earlier this year, Dutch pensions giant APG invested into South Korea’s first perpetual, open-ended logistics core fund, by rolling over more than US$400m (€370m) from a joint venture

platform that was established by APG, CPPIB and ESR in 2015. Brian Hung, director private real estate Asia Pacific at APG, explains: “The logistics sector in South Korea has been one of the best performing asset classes in real estate. We partnered in 2015 with ESR to create a joint venture in order to acquire land and develop Grade A logistic assets with best-in-class ESG credentials. “Given there were limited institutional-grade modern logistics at the time, we decided to pursue a develop-to-hold strategy and after eight years, those assets have become one of the best performing portfolios in South Korea.”

For Hung, the investment is an opportunity to exploit key megatrends, including continued urbanisation, technological advancement and demographic and social changes. He explains: “The ecommerce market in South Korea has been growing at 21% in the last 10 years. From a demographic perspective, South Korea has one of the highest percentages of single-person households in the world. Nearly half of South Koreans live alone, and that number is still growing. This trend results in an increase of online home shopping, not in the least of ready-to-eat items, leading to higher demand of warehouse space.”

In the meantime, a growing number of investors are exploring an expansion of

their remit from real estate to real assets, as demand for high quality infrastructure continues to grow. The theme is not just being pursued by private business, with China’s Belt and Road Initiative (BRI) representing a significant infrastructure project with global goals. Launched in 2013 by President Xi Jinping, the scheme initially aimed to link East Asia with Europe through developing strategic infrastructure projects. This has since grown to include Africa, Oceania and Latin America. The visionary project includes the creation of energy pipelines, roads and railways to streamline trade westward and southward, in order to “break the bottleneck in Asian connectivity”, according to Xi. Recent figures show around 150 countries worldwide have signalled their interest in taking part in this initiative. One of the largest to date is Pakistan, a co-signatory of the China-Pakistan Economic Corridor (CPEC), a mammoth network of projects linking China to Pakistan’s Gwadar Port on the Arabian Sea. n

MIPIM ASIA 2024

Tuesday, December 3, 14.15-15.00 Belt & Road

Wednesday, December 4, 12.0012.45 Alternative Investments

China’s Belt and Road Initiative will streamline trade flows

BEI Capital’s Collin Lau

Asia 2024

LIVING TRENDS

No place like home

Demand for multifamily, student housing and senior residences are all inspiring investors to acquire living assets across Asia Pacific

Robust demographic markers, low home-ownership affordability, and the attractiveness of living sector assets as an inflation hedge are driving ever higher investment volumes into Asia Pacific for rental housing, student housing, co-living and senior residences, according to the latest data.

“Although multifamily comprises the majority of living sector investment in Asia Pacific, a significant portion of investment flows into niche subtypes such as co-living, student housing and senior housing,” says Ada Choi, head of research, Asia Pacific for CBRE.

While the living sector in Asia Pacific is still somewhat emergent, accounting for only 6% of commercial real estate investment volumes since 2019, compared to 27% in Europe and 44% in the US, CBRE data shows that there is a vast opportunity for investors looking to diversify their portfolios across the region.

“We expect potential interest-rate cuts will drive capital deployment and consolidation opportunities,” says Greg Hyland, head of capital markets, Asia Pacific for CBRE. “With strong market fundamentals and resilient demand, the living sector offers institutional investors and private-equity fund managers the opportunity to diversify their portfolio.”

Japan is currently the country attracting the most living-sector investment, particularly in multifamily, while Australia is one of the fastest growing ter-

ritories for rental housing and student builds, and China remains of significant interest to specialist investors. Furthermore, Hong Kong, Korea and Singapore are also gaining attention, particularly for serviced apartments and student housing, due to the influx of non-locals and expatriates, as well as rising rents. Across all markets, growth in residential rents has generally outpaced inflation in the broader economy, creating a positive investment hedge. While leases for office, retail and logistics spaces in the region typically run for three to seven years or more, rental housing leases usually last for one to two years — allowing for more frequent upward adjustments.

Asset class appetite

Global investor AXA IM Alts is very active in the region, where the firm’s head of Asia Pacific, Laurent Jacquemin, sees no signs of slowing appetite for the asset class.

“We are mostly focusing on Japan, Australia and Korea in the region, with a strong conviction for the living sector — mostly multifamily, student and senior living,” he says. “We feel that these three geographies are quite complementary as they cover the whole cycle of life, from students through to seniors.”

Japan’s highly liquid multifamily market stands out, backed by “strong banks who are still lending at aggressive conditions”, Jacquemin says, with increasing amounts of domestic capital vying with

Appetite has soared for properties like the Sugamo West residential asset in Toshima, Tokyo, owned by AXA IM Alts

foreign funds. Conversely, he describes living in Australia as “a developing asset class”, with a less institutional product, but a growing build-to-rent market and need for student properties.

“We decided to focus more on the affordable part of Australia’s housing market, rather than the mid-to-luxury market,” he says, “as affordability is such an issue.” Two years ago, AXA IM Alts linked up with social-housing specialist St George Community Housing (SGCH) and Housing Australia to deliver social and affordable housing in New South Wales. The partnership kicked off with a A$300m (€182m) umbrella facility from Housing Australia to develop homes in Western Sydney, and will grow from there. “The social aspect fits with our ESG convictions, while the properties also have strong environmental credentials,” he adds.

Korea is another market where “living makes sense”, he explains. Although the firm monitors both the office market in Seoul and Korea’s competitive logistics trade, Jacquemin sees an opportunity for developing out its almost non-existent multifamily segment. He explains that renters in Korea have typically had to stump up huge deposits — sometimes up to 60%/70% of the home’s value — to then pay very low ongoing rents for occupying the property. But with an influx of foreign workers and students, demand has grown for a more recognisable and flexible rental model. “It feels right to be a

first mover there as every new product is oversubscribed, and there is also growing interest for senior housing,” he says.

Exciting opportunities

Further exciting opportunities lie in India, says Gordon Marsden, head of capital markets Asia Pacific at Cushman & Wakefield. “In India, the luxury housing market is experiencing significant expansion, particularly in regions like Delhi-NCR and Gurugram. This growth is driven by factors such as rising disposable incomes, improvements in infrastructure, and an increased demand for high-end living spaces,” he says. The region’s more mature markets also offer an interesting take. “The cities of Hong Kong and Singapore are growing but moderated in scale by the provision of accommodation by government — either public housing in Hong Kong or the Housing Development Bureau in Singapore,” he adds. “While groups have struggled to achieve scale, each market has a place for student accommodation and/ or co-living. In Singapore, conversations with government and regulators to explore defining these asset classes have made some progress. Land leases with specific use requirements clearly change the potential bid values but conversely, creating the necessary flexibility within the planning and use of accommodation — such as minimum stay durations or unit sizes — all create opportunity for the sector to diversify and gain traction.”

Marsden adds: “Hong Kong, despite falling residential prices, offers lucrative opportunities in rentals and co-living spaces, with notable rental-rate increases and high cap rates for smaller units in central locations.”

Asia Pacific’s igniting markets are unsurprisingly attracting ever wider interest from foreign funds. In recent weeks, US living specialist Greystar signalled it was ready to expand in Australia through a major deal with sovereign wealth fund GIC.

According to reports, GIC has agreed to sell its purpose-built student accommodation arm for A$1.6bn to the global rental-housing giant. The portfolio comprises seven properties across Sydney, Melbourne, Brisbane, Adelaide and Canberra, adding to Greystar’s build-torent development projects in Melbourne. GIC currently holds a 49.9% stake in the vehicle that owns the assets, with the remainder held by Singapore developer Wee Hur. GIC paid Wee Hur around A$567.86m for the properties in April 2022. Adam Pillay, executive director of investor relations and APAC investment management leader at Greystar describes Australian student housing as “a keen focus for us — we’re looking to enter, whether it’s organic or inorganic”. n

MIPIM ASIA 2024

Wednesday, December 4, 14.0014.45 Living trends

A Greystar residential scheme in South Melbourne

AXA IM Alts’ Laurent Jacquemin

Cushman & Wakefield’s Gordon Marsden

RETAIL & HOSPITALITY

Capturing the new consumer

Spending preferences for experiences over things has invigorated hotel investment volumes and given bright ideas to retail landlords

Anyone analysing Japan’s real estate transaction volumes for the first half of 2024 might have noticed an interesting data point: hotel investment volumes soared by nearly 50% compared to the previous year. With hospitality deals making up some 40% of total volumes in the second quarter of the year, the asset class — once seen as an operational niche, suitable only for the few — is being increasingly pursued by investors. Deals in the country this year have included significant activity from J-REITs, with transactions including the acquisition of four properties by Japan Hotel REIT for¥56.2bn (€340m), plus the purchase of a single property by Hoshino Resorts

REIT for ¥29.0bn. In the same quarter, Kasumigaseki Capital launched a private fund selling four of its hotels to an SPC for ¥12.5bn. A Savills financier survey finds that in addition to investors, lenders have adopted a much more accommodating stance to the asset class in recent times.

And while the figures are striking for Japan, surging interest in hospitality is a notable hallmark of many territories across Asia Pacific. Australia’s Salter Brothers, an alternative investment manager with considerable experience in Australian hotel investment, recently hired Rahul Ghai, a former head of real estate Europe for Partners Group, to explore hotel investment opportunities

across Asia. The firm is focusing initially on Japan, South Korea, Singapore and Thailand. In October, the firm added an office in Japan after inking a strategic partnership with TC Hotels & Resorts Beppu Corporation, a subsidiary of Tokyo Century Corporation, to link up on Japanese hospitality opportunities.

Ghai says: “The push into Asia is a natural next step for us as a firm and off the back of growing appetite for investment by institutional investors in the hospitality and broader living sector.

“Our expertise lies in value-add deals, which starts with effective buying, developing and implementing a value-creation strategy, including potential rebranding and repositioning of hotels to deliver performance for our clients.”

Korea is another territory which is enjoying growing attention from cross-border hospitality investors. The country is popular both for medical tourism — with travellers attracted by its global reputation for beauty and wellbeing — as well as the pop culture explosion known as Hallyu or the Korean Wave. According to data from the Korea Tourism Organisation, around 37% of Korea’s tourists in 2023 cited K-dramas, music and entertainment as key reasons for visiting the country. Also last year, those citing wellbeing or medical motives hit a record high of 616,000.

CBRE research suggests that outperforming segments in Korea including luxury and upscale properties in key destinations such as downtown Seoul, Haeundae in Busan and Jeju Island. With new supply remaining restricted, hotel owners are likely to see strong performance in the coming years.

An exciting hospitality story is taking shape in Thailand, where a raft of hotel groups born in southeast Asia are taking their expertise and know-how worldwide in a bid for global domination. “Hotel groups including Minor, Dusit International and Centara are

The luxury Spicers Peak Lodge has proved a welcome addition to the Salter Brothers’ portfolio

now considered global players, but all started locally 10-20 years ago,” says Mauro Gasparotti, head of Savills hotels southeast Asian operations. “These companies often learned from managing other brands initially, and then moved on to grow their own flags.”

In 2018, Minor signalled its global expansion ambitions when it increased its stake in Spain’s NH Hotels Group to 94%, adding the NH flag to its slate of brands, which includes Anantara, Tivoli, Avani, Elewana and Oaks. The group numbers nearly 550 hotels worldwide and owns or leases around 80% of the properties.

The experience trend

Another asset class which is looking to learn from hospitality’s post-pandemic success is retail, which has experienced mixed fortunes over the past decade due to the rise of ecommerce. The consumer shift in spending towards “experiences over things”, can still be an opportunity for retail spaces to up their game, according to group CEO of Link, George Hongchoy.

“On the retail front, convenience and experience are important,” he says. “Link’s many retail assets in Hong Kong and Singapore support the community’s everyday needs at great convenience as essential social hubs.” Yet the firm doesn’t

take their popularity for granted, he explains. “As an active asset manager, we are closely monitoring shoppers’ evolving lifestyle changes and taking proactive moves to capture emerging demand, such as from pick-up service points and the wellness sectors at present.” There are other aspects that Link can curate as well. “We are also stepping up on leasing efforts to maximise synergies between different regional centres in our portfolio — this includes cross-selling brands and introducing ‘new to market’ concept stores to different markets to provide new shopping experiences,” he says. Different territories across the region are experiencing altered retail fortunes in the current economic climate. According to CBRE research, while the

Australian CBD market continues to favour tenants, landlords could find themselves in a stronger position over the next year as vacancy has been contracting since 2023. However, demand for secondary space may remain sluggish for longer, the broker reports.

India is a country which has attracted significant volumes of retail investment, and tight supply continues to keep yields stable despite retail sales slowing. CBRE data shows that while mainstream and established brands are keen to expand, weaker sales and a lack of space availability are making this harder. Consequently, leasing activity is being driven by new market entrants and up-andcoming local brands.

In Singapore, downtown areas remain stable and robust, but secondary areas continue to struggle. Across the market, retailers, including F&B operators, are reassessing their space needs with footprints often reducing. Demand from luxury retailers remains steady, with malls increasingly allocating space to this segment.

Hongchoy compares retail’s fortunes with the outlook for offices — where only the best assets have a rosy future. “There will be continuous demand for office and retail, but the demand will not be across the board,” he says. “Flight to quality continues to be the theme for the office market. Certified green office buildings with smart-office solutions are demanded by tenants, and location remains critical.”

He summarises Link’s investment priorities: “In terms of markets, we aim to continuously expand our presence in the APAC region. In terms of asset class, we prefer non-discretionary retail and logistics, but we will also explore new sectors.” n

December 3, 16.00-16.45

December 4, 14.45-15.30

In December 2022, Link acquired Jurong Point, a strategically located suburban retail asset in western Singapore

Salter Brothers’ Rahul Ghai

INBOUND INVESTMENT

Asia appeals to foreign flows

As global investors increase their allocations to Asia, local experts explain where they should be directing their capital

Moderating inflation amid a brighter outlook for global macro-economic markers is driving foreign capital to explore real estate opportunities in Asia.

Colliers research for the first half of 2024 shows that Japan and China are among the top-five destinations for global capital, with Australia also featuring among the world’s top-10 real

estate markets for cross-border deals.

“For global investors, the Asia Pacific region offers strong economic growth, attractive returns compared to more developed regions and an opportunity to diversify their investment portfolios within the region’s dynamic, varied and emerging markets,” says Chris Pilgrim, Colliers’ managing director of global capital markets, Asia Pacific.

Meanwhile, overall investment volumes for the region in the third quarter of 2024 reached the highest level in 11 quarters, according to JLL data, totalling US$38.8bn (€36bn), a robust 82% increase year-on-year (YoY).

Although asset repricing in Asia has been slower than in the US and Europe, retreating interest rates and lower borrowing costs should “support better capital returns beyond the immediate 24 months”, says abrdn Investments’

Overseas investors are embarking on APAC strategies in increasing volumes

Min-Chow Sai, head of Asia & North America real estate investment strategy. “As such, higher property yields in the near term are likely to be good opportunities for investors to pick-up grade-A assets in core locations,” he says.

The last quarter saw investors pounce on major office and logistics deals in Korea, plus life sciences in Singapore, while third-party capital ramped up activity in Australia.

While a number of geopolitical developments and their impact on supply chains carry a degree of unpredictability, high construction costs have on the whole lowered downside risks to occupier markets by limiting supply. Domestically, accelerating global rate cutting cycles are now being matched by government action within Asia-Pacific. In China, recent stimulus moves signalled by Beijing have prompted Capital Economics to increase its growth prognosis for the Chinese economy to 4.5% in 2025. Meanwhile, the Bank of

Korea’s decision to cut rates in October by 25 basis points to 3.25% was a welcome move after a two-year impasse.

While Japan’s prime minister, Shigeru Ishiba, has urged the Bank of Japan to keep rates flat, this degree of predictability may assist investor strategies.

Mixed outlook

Donald Choi, president of Hong Kong Institute of Real Estate Administrators (HIREA) and jury chairman of

the MIPIM Asia Awards, identifies a mixed outlook for real estate markets in Hong Kong. “The slowdown in China has affected the Hong Kong real estate market,” he says. “Residential and office deals have slowed, with pricing under pressure. At the same time, demographic shifts have increased demand for senior housing, and new policies to attract young talent to Hong Kong, particularly to its technical universities, has boosted the

HIREA’s Donald Choi

Arch Capital Management’s Richard Yue

Data centre investments are on the rise in APAC

need for student homes.” Choi notes that the digitalisation of the economy has increased demand for data centres, with the government responding to these trends by allocating more buildable land.

However, developers will still need to proceed with caution. “Hong Kong developers, like their counterparts in Greater China, have racked up a lot of debt in the past; while interest rates are now on the right path, they may not come down as fast as expected. That means financing projects through joint ventures or consortiums will remain popular. The Chinese government is also pursuing a policy to buy up some unfinished, unoccupied properties, to create cash flow.”

Choi identifies a few solutions for the industry. “When you look at traditional real estate markets, we have been very successful in the past with established business models. In the future though we will need more innovative products. For example, retail is not just a point of sale; ecommerce can already do that. Malls need to explore the customer experience in a big way. Similarly, offices need to be more than just a workplace.” He recommends a further look into new asset classes supporting new ways of living: “In southern China, the government is starting to encourage the low-altitude economy, which includes delivery drones and even flying taxis. These developments could change the way we use the upper floors of buildings.”

Savvy investors should also take geographical diversification into account when analysing Asia. “While markets such as Japan remain strong and predictable, we shouldn’t overlook emerging markets. Vietnam is seeing a lot of investment and strong tourism flows, while Indonesia has tremendous growth potential thanks to its large, young population. As for Hong Kong and China, it’s going to be a matter of timing — these are major

markets which offered good returns in the past, and once we get past these macro-economic headwinds, the economy will recover and have a lot to offer to investors.”

Unique opportunities

For Richard Yue, CEO of Hong Kongbased Arch Capital Management, “unique opportunities” abound in the market. “In commercial real estate, the rapid interest rate hikes in Australia and Hong Kong present unique chances for structured investment strategies, including mezzanine financing and acquiring discounted prime properties,” he says.

“Additionally, the acceleration of ecommerce is driving significant demand for modern logistics facilities. The fintech sector, rise of AI and data localisation intensify the need for data centres. New economy real estate offers attractive opportunities in markets such as Taiwan, Philippines and Thailand. These markets are sizable and stable, with strong fundamentals, yet lack dominant players. While these qualities make them appealing, they remain relatively untapped by global investors.”

Yue explains that Arch Capital has successfully expanded operations “from co-living in Hong Kong to platforms in Australia, Japan, the Philippines and Thailand”. He adds: “Our operational capability has further grown with the establishment of modern logistics operating companies in Taiwan and Southeast Asia and our sponsorship of a data-centre operating platform in Singapore, focused on Southeast Asian markets.”

In conclusion, he suggests that Asia’s vast diversity remains a key strength. “The region encompasses multiple markets at various development stages, each with unique growth drivers. Hong Kong and Australia present credit and distressed opportunities amid interest rate pressures, while

Southeast Asia and Taiwan offer growth in logistics and data centres. Mature markets like Japan and Singapore provide core to value-add strategies,” he says.

However, Yue signals that “successful diversification in APAC requires certain key elements”. He says: “Investors need to establish strong local partnerships and develop deep expertise in domestic regulatory and market environments. Implementation of appropriate asset management and risk management frameworks is crucial. Above all, success in APAC demands a sustained commitment to the region.” n

MIPIM ASIA 2024

Wednesday, December 4, 11.1512.00 Global Inbound Investments

KEY MARKETS

India ignites investor interest

While emerging India is exciting real estate investors, Japan and Australia remain hot tickets

Institutional investment into Indian real estate grew 45% year-on-year in the third quarter of this year, as domestic and international funds piled some US$1.15bn (€1.05bn) into the market, according to Colliers data. This followed a quarterly high of US$2.5bn in Q2 when investors showed they couldn’t get enough of one of Asia’s most dynamic markets.

“It’s an exciting time for the market which is becoming more transparent and institutionalised — Blackstone has sponsored the first retail REIT in India, for example,” says Gordon Marsden,

head of capital markets, Asia Pacific, at Cushman & Wakefield.

The Blackstone-backed Nexus Select Trust, which went public in May 2023, has quickly amassed around 18 malls across India, while picking up hotels and offices along the way. The company’s president, Jonathan Gray, has said of its operations in India: “It’s about building companies at scale that can meet the needs of the middle class.”

as opposed to earlier years where office was the mainstay; so far this year, residential and logistics/industrial have been the biggest beneficiaries. Retail and hospitality are also seeing benefits from India’s growing economy, and this all helps investors underwrite India as an investment destination.”

Indian interest

real

estate in the recent years,

Marsden adds: “We have started to see a healthy diversification of private equity investments across multiple sectors within

“Institutional flows in Indian realty remain consistent, indicating sustained investor confidence. While office assets remain a key focus, industrial & warehousing and residential segments are

Blackstone has sponsored India’s first retail REIT, Nexus Select Trust

gaining significant momentum,” confirms Piyush Gupta, managing director, capital markets & investment services at Colliers India.

The interest in India’s industrial and logistics segment is being driven by rising demand from logistics occupiers, particularly in the 3PL space, plus the expansion of manufacturing across the country, Gupta says.

Meanwhile, a key facet of India’s office market is the continued expansion of global capability centres. While once synonymous with basic call-centre functions, these are now becoming vital international resources as tech hubs offering access to sophisticated, digital talent. Apart from creating more tech jobs in India, they are also contributing to demand for digital infrastructure and data centres. Marsden adds that the success of global capability centres has created “a new normal for leasing vol-

umes at 70+ million sq ft (6.5 million sq m), with 2024 potentially looking at 80 million sq ft.”

In the light of this, a joint venture between Cushman & Wakefield and Nuvama Asset Management established earlier this year has launched a dedicated office fund — Prime Offices Fund — to target prime workspaces across

India’s high-growth markets, and increase market access for domestic capital sources.

Focus on Japan

Despite the lure of India, not all investors are ready to make moves in Mumbai. Other key markets for the region remain the more dependable Japan and Australia, as well as pockets of southeastern Asia, typified by young and vibrant populations. “Japan remains an attractive market for international investors, while Japanese investors are increasingly exploring how to invest globally,” says James Young, head of investor services, MENA and APAC, Cushman & Wakefield. “We are also seeing capital return to Australia after markets were fairly quiet over the last couple of years.”

In the third quarter of the year, Japan’s commercial real estate deals grew by

Cushman & Wakefield’s James Young

The rise of global capability centres is changing the skyline of India

24% YoY (year-on-year) to ¥1.207tn (€7.2bn), with the number of large transactions in excess of ¥10bn doubling from the same period of the previous year, according to CBRE data. Hotels registered the largest transaction volume, up 72% YoY to ¥335.0bn, crossing the ¥300bn threshold for the first time since Q1 2008. Office investment volumes also rose 78% over the same period to reach ¥304.bn, bringing cumulative office investment volume for the first three quarters of the year to roughly ¥1.2 trn, more than the full-year figure for 2023.

Improving deal volumes and a thawing development outlook are inspiring mergers in the real estate space. At the start of November, Japan’s Hulic signed off its tender offer for Raysum, which values the Tokyo-listed building firm at ¥173.5bn. Owned to date by Hong Kong’s Oasis Management, Hulic has been attracted by Raysum’s results, after the construction firm posted a profit of ¥21.9bn for the year ending 30 March 2024.

Hot topics

In Australia, multifamily and student housing are hot topics for investors surfing the demographic trends of low housing affordability and high numbers of overseas students. While the gov-

ernment is exploring ways of limiting foreign students in the midst of an accommodation crisis, sector landlords are largely supported by low supply. One of the country’s biggest student landlords, Sydney-based Scape, secured A$3bn (€1.8bn) in debt financing earlier this year, with part of the offering nearly three times oversubscribed. In the end, 18 banks refinanced A$1.5bn of Scape’s debt under its core programme flagship fund, which owns some A$4bn of student properties across the country. “The occupancy in our buildings has been very strong, and we’ve experienced high rental growth … the metrics of our fund have improved substantially, so we thought it would be a good time to refinance the debt,” said Scape chief financial officer Tim Peel as the deal closed. For Young, Asia’s strong fundamentals will continue to inspire the investment and finance community. Speaking about the present macro-economic climate, Young says: “Both the US and parts of Europe have all been impacted fairly significantly in terms of the downturn from a capital markets perspective, as high interest rates have affected investors across the globe. As a region, we are coming from a slightly better position.” Despite this, more positive macro-economic signs globally are

likely to bear fruit in Asia. “We are moving into a new cycle, and Asia Pacific is going to benefit from that.”

Against a complex, global backdrop, when will investors return to China? “The geopolitical side of things is going to dictate China’s investment future,” Young says. “There is a huge local market in China that will sustain capital markets activity, and some of the measures that the Chinese government has been taking in the last month or so are going to be critical for that.” n

MIPIM ASIA 2024

Wednesday, December 4, 10.0010.45 Private Debt in Key Markets

Australia’s PBSA market is attracting fresh funds

OUTBOUND INVESTMENTS

Key partnerships drive global ambitions

Asian capital is targeting a tantalising mix of overseas real estate investment opportunities, driven by key partnerships, diversification trends and a thawing global economy

Chinese sovereign wealth fund, China Investment Corp (CIC), has long had broad horizons for its spending strategies. Founded to help China diversify its foreign exchange reserves, the fund has recently unveiled an important tie-up with peers in the Middle East, where it sees an opportunity to unleash two-way investment flows.

Assisted by Swiss private-equity firm, Partners Group, CIC has set up a US$1bn (€0.9bn) fund to invest in companies in the Gulf Cooperation Council (GCC). In turn, Middle Eastern

Far East Organization is betting on London with Pinners Hall

sovereign wealth funds are punting on Asia, with funds from the likes of Bahrain, Kuwait, Oman, Qatar and Saudi Arabia investing over US$2.3bn in China last year alone.

Kevin Lu, chairman of Asia for Partners Group, explains: “We see strong and growing economic linkages between the Middle East and Asia today. As a trusted general partner with a longterm relationship with sovereigns on both sides, curating that investment flow is quite interesting.”

As well as enterprise capital, volumes of cross-border real estate investment have been increasing in recent times. While Asian capital shows some preference for inter-regional flows, there is additional appetite to invest in Europe and the US.

Singapore funds Singapore funds have often been among the most conspicuous on the global stage, in part due to the paucity of local opportunities. “Singapore has limited land, so we have no choice but to invest beyond our borders,” says Siew Kim Beh, chief financial & sustainability officer, lodging, CapitaLand Investment. Around 85% of the firm’s listed REIT, CapitaLand Ascott Trust (CLAS), is invested globally, while just 15% of the S$8.5bn AUM focuses on Singapore. CapitaLand’s global lodgings arm, The Ascott Limited, which operates nearly 1,000 properties worldwide, is seeking to add to its portfolio of serviced residences, hotels and resorts, targeting fee earnings from operations of S$500m (€351m) by 2028.

In Europe, France and the UK are key target markets. While France is already home to 29 Ascott properties, with 17 in the capital alone, the group will soon open a lyf-branded hotel in Paris, which markets itself as a stay focused on ‘experience-led social liv-

The Ascott Limited’s Beh Siew Kim

Yardhouse in White City

ing’. It is also planning to renovate its Citadines Saint-Germain-desPrés Paris hotel and residence to the upper-upscale The Crest Collection brand; another new property will debut in Colmar. In the UK, openings will include new properties in Edinburgh, Glasgow, Leicester and Manchester, which will be branded to a mix of lyf and The Unlimited Collection flags. Ascott says that new openings will boost Ascott’s portfolio in Europe by 14% to about 8,000 units across six brands, and extend Ascott’s presence in the region to 29 cities from 24.

Another Singapore-based firm, Elite Partners Capital, is finding success in logistics investments in Europe. In the last few months, the firm has returned to Germany, having paused from investing in Europe for a couple of years amid interest rate hikes.

Inking a deal for an industrial asset south of Karlsruhe from a JV between TPG Angelo Gordon and aam2core, Elite’s founder and CEO, Victor Song, says: “We have been closely monitoring the logistics market across pan-European cities, targeting quality assets with strong tenant covenants and compelling value-add opportunities. Stabilising interest rates present a strategic window of opportunity for our investors to re-enter the market.”

Elite invests on behalf of Asian investors and is currently deploying Logistics Fund II, backed by a sovereign wealth fund, alongside family offices from the region. In 2021, Elite sold a 50% stake in Fund I to Blackstone, before resuming investment activity in Poland in 2022.

London calling

The UK has long been a target for Asian capital, with the country’s strong fundamentals and market transparency attracting funds keen to diversify. Annual flows from Asian real estate firms into the UK capital peaked at £8.3bn (€10bn) in 2017, representing

around 29% of all London deals that year, according to MSCI data. However, the last couple of years have seen several Asian funds pause on London while reassessing their relationship with evolving asset classes such as the office sector.

For Singapore-listed City Developments Limited, however, 2024 was the right time to invest in its first UK co-living scheme. In February, the firm expanded its UK private-rented sector (PRS) portfolio with the acquisition of Yardhouse in White City, its first PRS development in Central London, for £88m. The 250year leasehold site is being developed into a 17-storey apartment block with 209 co-living studio units. CDL is forward-funding the project, with a target completion of 2026.

Sherman Kwek, CDL’s group CEO, says: “Despite macro-economic and geopolitical challenges, the UK PRS has proven to be an exceptionally resilient asset class with robust operational performance.”

While CDL’s UK PRS portfolio now comprises 1,857 operational and pipeline units in London, Leeds, Birmingham and Manchester, the group also has close to 2,400 beds in the UK purpose-built student accommodation (PBSA) sector. CDL’s global living-sector portfolio also includes PRS assets in Japan and Australia. In September 2023, CDL announced its ¥35bn (€213m) investment in a Tokyo residential rental portfolio comprising 25 operational freehold assets with 836 units, bringing its Japan PRS portfolio to 38 projects with more than 2,100 units in Tokyo, Osaka and Yokohama. In Australia, CDL is developing two PRS developments in Melbourne and Brisbane with around 560 units in total.

Meanwhile, major Singapore private property developer Far East Organization continues to bet on London’s dynamic office market. The firm recently commissioned global real assets firm

Patrizia to spearhead the repositioning of Pinners Hall, an iconic office building in the City of London, situated between Liverpool Street and Bank stations. The building spans 110,000 sq ft (10,200 sq m) across six storeys with a full-height atrium and will be subject to a major internal reconfiguration and green retrofit, with a focus on minimising embodied carbon through material reuse and retention strategies.

Mahdi Mokrane, Patrizia head of fund management real estate, says: “It’s no secret that the office sector is experiencing challenges. Despite this, we see opportunities for value creation.

“With a growing €1.6bn portfolio of office assets in London that we manage largely on behalf of our Asian clients, we have deep market knowledge and expertise in driving value across the full risk spectrum.” n

Tuesday, December 3, 15.00-15.30

Global Outbound Investments

PLATINUM SPONSOR

GOLD SPONSORS

SILVER SPONSORS

Sponsors

Discover our Sponsors

Platinum Sponsor

New Murabba

At New Murabba, we aim to seamlessly blend technology, innovation, and sustainability. We champion a dynamic corporate spirit—a centre of progress, creativity, and entrepreneurship, harmonizing with nature’s beauty and authentic culture. We are creating the world’s largest, modern, downtown – that will support Riyadh’s ambition to become one of the world’s “ten most livable cities,” by being “born smart,” sustainable, and anchored by 15-minute city principles.

New Murabba will become home to over 400,000 people, with 27 million square meters of developed assets distributed across 18x communities—consistent with a thriving downtown environment. It will offer over 100,000 homes, 9,000 hotel room keys, and more than half a million square meters of retail, entertainment, schools, hospitals, and healthcare facilities. Residents and visitors will also benefit from a 45,000 seat multipurpose stadium, 4km2 of parkland, and 4km2 of dedicated infrastructure routes.

Gold Sponsor

ARCH Capital – Your Preferred Partner in Asia

ARCH Capital has consistently capitalized on industry cycles, opportunities and challenges to deliver superior risk adjusted returns for its clients. Our business spans core/core plus, value-add and opportunistic strategies for funds, separate accounts and joint ventures across Greater China, Southeast Asia and Australia. The depth of our seasoned professionals, market knowledge, industry networks and track record positions us well as your preferred partner in Asia.

Gold Sponsor

Our management-owned/operated platform emphasizes strong alignment with stakeholders through rigorous corporate governance, responsible investment practices (ESG) and a strong culture of discipline and operational transparency.

About the UK’s Department for International Trade

We are the UK’s department for economic growth. Our services support businesses to invest, grow and expand in the UK. The UK offers world-class talent and a robust, business-friendly environment to reliably expand, trade and invest. Investors can access a market of over 60 million people, diverse suppliers and

Great Investors are building sustainable developments

partners, and benefit from a range of programmes to help them grow, including a £100 billion infrastructure spending commitment. Please reach out to find out more about how we can help support your investments in the UK.

Discover our Sponsors

Gold Sponsor

Schinlder

Schindler MetaCore is the backbone for sustainable building repurposing

The Schindler MetaCore elevator system weaves flexibility into the buildings backbone, making repurposing easier. Buildings can be adapted to changing requirements and can be reconfigured endlessly, extending their useful lifespan. Schindler

MetaCore enables one elevator group to deliver an easily adaptable, unique passenger experience for multiple building applications – delivering the flexibility required to make lifetime sustainability a reality.

Schindler MetaCore is the backbone for sustainable building repurposing

The Schindler MetaCore elevator system weaves flexibility into the buildings backbone, making repurposing easier Buildings can be adapted to changing requirements and can be reconfigured endlessly, extending their useful lifespan. Schindler MetaCore enables one elevator group to deliver an easily adaptable, passenger experience for multiple building applications – delivering the flexibility required to make lifetime sustainability a reality.

Jardine Schindler Group

29/F, Devon House

Taikoo Place, 979 King's Road

Quarry Bay, Hong Kong

Phone: +(852) 2516 8168

Website: www.jardineschindler.com

www.jardineschindler.com

Silver Sponsor

Chongbang Group

Founded in 2003, Chongbang Group is an investor, developer and manager of retail-anchored mixed-use projects in Shanghai and major cities in the Yangtze River Delta.

Since its inception, Chongbang has embarked on nine retail-anchored mixed-use projects, branded Life Hubs, meaning centres of living.

As of todate, eight of the nine projects have been completed, namely the 250,000 square meter Life Hub @ Daning, the 180,000 square meter Life Hub @ Jinqiao, the 80,000 square meter Sinan Mansions, the 190,000 square meter Life Hub @ Anting Phase 1, the 80,000 square meter Life Hub @ Upbund, the 190,000 square meter Life Hub @ Anting Phase 2, all in Shanghai, as well as the 800,000 square meter Life Hub @ Kunshan (Suzhou) and the 400,000 square meter

Silver Sponsor

Churchill & Partners / Cistri

Life Hub @ Hangzhou. The 300,000 square meter Life Hub @ Bund Central, located on Sichuan North Road, one of Shanghai’s three major traditional commercial precincts, is scheduled to open in December 2024.

Chongbang’s highly focused business strategy, holistic approach to property development and proven ability to compete on innovation and differentiation are well recognized by the industry and the investment community.

Intelligent Retail Strategy and Better Urban Outcomes for World-Class Developments

Great places are human places, striking a balance between effective systems and genuine empathy. Sound economics underpins great planning and design of retail destinations using Cistri’s evidencebased approach.

With extensive hands-on experience, Churchill & Partners create and cultivate value by addressing challenging retail objectives.

Together, we develop robust successful strategies for engaging spaces by identifying creative, purposedriven solutions that deliver the commercial, economic, and social benefits essential for the long-term success of developers, occupiers, and customers.

Silver Sponsor

City Developments Limited

City Developments Limited is a leading global real estate company with a network spanning 143 locations in 28 countries and regions. Listed on the Singapore Exchange, CDL is one of the largest companies by market capitalisation with a portfolio comprising residences, offices, hotels, serviced apartments, student accommodation, retail malls and integrated developments. Since 2010, CDL has been listed on the Global 100 Most Sustainable Corporations in the World and has been ranked as the world’s most sustainable real estate management and development company and Singapore’s most sustainable company for the fifth consecutive year.

www.cdl.com.sg www.cdlsustainability.com

Silver Sponsor

DBS Bank (Hong Kong) Limited

DBS is a leading financial services group in Asia with a presence in 19 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank’s “AA-” and “Aa1” credit ratings are among the highest in the world.

DBS has been named the “Best Real Estate bank” in Asia Pacific, Singapore and Hong Kong in 2023 by Euromoney, as well as the “Safest Bank in Asia” by Global Finance for 16 consecutive years from 2009 to 2024. www.dbs.com

Newport Plaza: Singapore’s first BCA Green Mark Platinum Super Low Energy mixed-use integrated development.

Silver Sponsor

Hon Kwok Land Investment Company Ltd.

Incorporated in 1965 and listed on the Hong Kong Stock Exchange (00160) in 1972, Hon Kwok is a reputable property developer in Hong Kong engaged in various property development and investment projects. In 1997, the company began to explore the property market in Mainland China and through years of development, Hon Kwok is now a well-known property developer in both Hong Kong and Mainland China with a vast range of commercial and residential property projects span across Hong Kong, Chongqing, Guangzhou and Shenzhen.

www.honkwok.com.hk/

Silver Sponsor

Invest in Georgia

Invest in Georgia offers a wide range of services to support companies throughout their investment journey in Georgia. As a comprehensive “one-stop-shop,” the agency provides tailored assistance, ensuring seamless access to critical information and facilitating direct communication with key government bodies. Companies can benefit from Invest in Georgia’s expertise in navigating the local business environment, receiving guidance on regulatory procedures, accessing market insights, and exploring available incentives to support their investments. The agency also assists with site selection and connects investors to suitable locations and partners, and offers aftercare services to help businesses expand and thrive in Georgia.

Discover our Sponsors

Silver Sponsor

Link Asset Management Limited

Link is a leading, independent and fully-integrated real estate investor and manager focusing on the APAC region. We manage Link REIT and its real estate investment portfolio deploying our capabilities across asset and property management as well as fund management. We strive to be a successful ‘REIT plus’ that not only delivers consistent and stable returns to Unitholders, but also growth and resilience across economic cycles.

www.linkreit.com

Silver Sponsor

Yardi

Yardi is a leading provider of software solutions for the real estate industry. With offices in Singapore, Hong Kong, Shanghai and Tokyo, we’ve been supporting companies across Asia for over 20 years. Our solutions help clients manage their “end to end” investment, asset and property management functions more efficiently. By bringing process to real estate through a single, Cloud-based platform, our clients are connected to their data on any desktop, tablet or mobile device. They can access the information they need to run their business any time, any place, and know that the data they’re seeing is secure, real time and accurate. We support portfolios across all real estate verticals, including REITs, office, retail, logistics, coworking and residential.

The Global Urban Festival

Housing Matters 10 March 11-14 March 2025

Palais des Festivals, Cannes, France

MIPIM influences and accelerates the transformation of the built environment by crafting a unique, week-long urban festival in Cannes.

Face-to-face discussions, workshops and panels offer inspiration and thought-leadership, while creating opportunities to exchange experiences and drive business and professional growth.

As a reference point for the global real estate industry, MIPIM provides unique access to global capital and concrete solutions for making assets more sustainable and resilient in a rapidly changing world.

Be part of MIPIM

Thursday 13 March 2025, from 18.30 Grand Auditorium, Palais des Festivals

MIPIM Asia Awards 2024

MIPIM Asia Awards 2024 Help choose this year’s Gold, Silver and Bronze winners!

The competition

Led by MIPIM Asia Awards chairman, Donald Choi, President of the Hong Kong Institute of Real Estate Administrators, the jury shortlisted 31 winners from accross Asia.

Now it’s your turn to decide who wins Gold, Silver and Bronze in the following 10 categories!

• Bes t Cultural, Educational and Urban Regeneration Project

• Bes t Hospitality, Tourism and Leisure Project

• Bes t Mixed-Use Project

• Bes t Office & Business Project

• Bes t Refurbished Building

• Bes t Residential Project

• Bes t Retail Project

• Bes t Shopping Experience

• Bes t New Development

• Bes t New Mega Development

The final vote

The final ranking of the winners will be determined by the votes of the MIPIM Asia Community and the jury selection.

From mid-November, MIPIM Asia Community members have been able to choose their preferred winners online in each category from the 31 finalists.

Right here at the MIPIM Asia Summit, the onsite ballot is already opened at the Awards Gallery and waiting for you to cast your vote. So don’t delay, come and choose your favourites!

Both the online and on-site vote will end on Day 2 of the MIPIM Asia Summit at noon, HKT.

The jury meeting

In October, the jury comprising real estate thought leaders and chaired by Donald Choi debated fiercely over the wide-ranging entries to shortlist the stand-out projects in each of the 10 categories. The jury-selected projects represent this year’s 31 winners – but who receives the Gold, Silver and Bronze MIPIM Asia Awards 2024 is still to be revealed!

The Awards Gala Dinner

The winners’ final ranking will be announced at the MIPIM Asia Awards gala dinner to be held on Wednesday 4 December. In addition to the 31 winners, a “Special Jury Award” which goes to the jury’s overall favourite among all the projects will be unveiled.

Don’t miss this dazzling event – a unique opportunity to reconnect with your peers and see how much the industry has achieved over the past year.

MIPIM Asia Awards 2024

President of the jury

Donald CHOI

Hong Kong Institute of Real Estate Administrators

President

Hong Kong

George AGETHEN

CDPQ

Managing Director, Real Estate of Asia Pacific and Latin America

Singapore

Stanley CHING

CITIC Capital Holdings

Senior Managing Director,

Managing Partner & Head of Real Estate

Hong Kong

Harvey COE

Ernst & Young

Senior Advisor

Hong Kong

Christina HAU

Champion REIT

Chief Executive Officer

Hong Kong

Henry CHENG

Chongbang Group

CEO & Executive Director

China

Chris CHOW

LaSalle Investment

Management

Senior Managing Director

Hong Kong

Alison COOKE

Starr International Investment Advisors (Asia) Limited

Managing Director - Real Estate

Hong Kong

Alexandre HERIARDDUBREUIL

L Catterton Real Estate Partner

Partner & Chief Investment Officer

Hong Kong & London

Special thanks to our 16 expert judges

George HONGCHOY

Link Asset Management Limited

Executive Director & CEO

Hong Kong

Laurent JACQUEMIN

AXA IM Alts

Head of Asia Pacific, Real Assets

Japan

Shuji TOMIKAWA

Mitsui Fudosan

Investment Advisors , Inc. (MFIA) Chairman Japan

Jing ZHOU

Nuveen

Senior Director

Alternatives and

Strategic Transactions

Hong Kong

Nicholas J. LOUP Chelsfield

CEO – Chesfield Asia

Hong Kong

Joseph TANG

Townsend Group Partner

Hong Kong

Richard YUE

ARCH Capital Management Company Limited

CEO & CIO

Hong Kong

MIPIM Asia Awards 2024

Best Cultural, Educational and Urban Regeneration Project

Geometric Wonderzoo, Sau Mau

Ping Shopping Centre

Hong Kong SAR – China

Developer: Link Asset Management Limited

Architect: Groundwork Architects & Associates

Ltd Others: Link Asset Management Limited (Client & Project Management) Groundwork Architects & Associates Ltd. (Designer) New House Construction Company Limited (Main Contractor) Play Concept Limited (Play equipment supplier) Elite Building Consultancy Co. Limited (Project Manager)

Hong Shou Fang

Shanghai – China

Developer: Shui On Land

Architect: Plus 8 Consulting Limited / Shanghai TIANHUA Architecture Planning & Engineering Ltd.

Link Sustainability Lab

Hong Kong SAR – China

Developer: Link Asset Management Limited

Other: Kingsmen Hong Kong Limited (Main Contractor)

Best Hospitality, Tourism And Leisure Project

Bauhinia Hotel & Apartments - BIPV

Building in Hong Kong

Hong Kong SAR – China

Developer: Hon Kwok Land Investment Co., Ltd.

Architect: AGC

Others: APT Engineering Consultant Ltd. (Civil & Structural Engineer), Egis M&E Limited (Building Services Engineer), Rider Levett Bucknall Limited (Quantity Surveyor), AGC Design Ltd. (Project Designer), The Bauhinia Hotel Management Limited (Management Company), Reithub Consulting Limited (Sustainable Design Consultant)

Radisson RED Guang Zhou South Railway Station

Guangzhou – China

Developer: Guangzhou Lu Fu Real Estate Development Co.

Architect: Ben yeung & associates ltd.

TOWNPLACE West Kowloon

Hong Kong SAR – China

Developer: Sun Hung Kai Properties Limited

Architect: Aedas (Design Architect)

Others: Executive Architect: P&T Architects Limited M&E Engineer, Structural Engineer: Sun Hung Kai Architects & Engineers Limited; Main Contractor: Chun Fai Construction Company Limited; Branding & Leasing: TOWNPLACE

Landscape Architect: Sun Hung Kai Architects & Engineers Limited, New Office Works Limited; Lighting Consultant: Ove Arup & Partners Hong Kong Limited; Beam Plus Consultant: Allied Environmental Consultants Limited; Interior Design; Consultant: LAAB, Conran and Partners

MIPIM Asia Awards 2024

Best Mixed-Use Project

One Dojima Project

Osaka

– Japan

Developer: Tokyo Tatemono Co., Ltd. Hotel Properties Limited Four Seaons Hotel and Resorts

Architect: Nikken Sekkei Ltd, Nikken Housing System Ltd

Others: Interior Designer for Residential Common Area: Studio Piet Boon Hotel interior designer: CURIOSITY, SIMPLICITY, DESIGN STUDIO SPIN

The

Ring, Chengdu Chengdu – China

Developer: Hongkong Land

Architect: Benoy

Two Taikoo Place Hong Kong SAR – China

Developer: Swire Properties Limited

Architect: NBBJ, Wong & Ouyang (HK) Limited

Others: Eckersley O’Callaghan (Specialist Facade Design Engineer) Hugh Dutton Associes (Elevated Walkway Designer) Gustafson Porter + Bowman (External Landscape Designer) Urbis Ltd (External Landscape Architect) Adrien L. Norman (Internal Landscape Architect) Stanley KC Ltd (Executive Interior Designer) Speirs + Major (Lighting Designer)

Best Office & Business Project

83 King Lam Street

Hong Kong SAR – China

Developer: New World Development Company Limited

Architects: Tower Design Architect: Rocco Design Architects Associates Ltd; Podium Design Architect: COLLECTIVE (Collective Studio Limited); Executive Architect: Rocco Design Architects Associates Ltd

Others: Structural, Civil and Facade Engineer; AECOM Asia Ltd.; Mechanical & Electrical Engineer: J. Roger Preston Limited; Sustainability Consultant: ARUP; Interior and Signage Designer: Collective Studio Limited; Podium landscape designer: Collective Studio Limited; Landscape Architect: Axxa Group Limited; Main Contractor: Hip Seng Construction Company Limited

KTR350

Hong Kong SAR – China

Developer: LAWSGROUP

Architect: MLA Architects (HK) Ltd; Planning

Consultant: Ove Arup & Partners Hong Kong Ltd; E&M consultant: WSP Hong Kong Ltd; Structure consultant: WSP Hong Kong Ltd.

Continued on next page

MIPIM Asia Awards 2024

Best Office & Business Project

The Henderson

Hong Kong SAR – China

Developer: Henderson Land Development Co. Ltd.

Architect: Zaha Hadid Architects (London) in collaboration with Ronald Lu & Partners (Hong Kong)

Others: Interior Design by Zaha Hadid Architects, Landscape Design by PWP Landscape Architecture, Main Contractor by Hip Hing Construction

TP Link Headquarters

Shenzhen – China

Developer: TP Link

TP Link

Architect: Kohn Pedersen Fox (KPF)

Architect: Kohn Pedersen Fox (KPF)

Best Refurbished Building

Kai Tin Shopping Centre

Refurbishment, Lam Tin, Hong Kong

Hong Kong SAR – China

Developer: Link Asset Management Limited

Architect: Aedas / Ronald Lu & Partner

The Refurbished Nostalgia: Kin Sang Shopping Centre

Hong Kong SAR – China

Developer: Link Asset Management Limited

Architect: Prime Up Consultants Limited (UniChina Group)

Others: Contractor: Lemon Design & Build Limited (Uni-China Group) ; E&M Consultant: Prime Up Consultants Limited (Uni-China Group) ; Interior Designer Prime Up Consultants Limited (UniChina Group)

Singapore Changi Airport Terminal 2 Expansion

Singapore

Developer: Changi Airport Group (Singapore) Pte Ltd

Architect: RSP Architects Planners & Engineers (Pte) Ltd

Others: Boiffils Architectures (Interior Designer)PhA Concepteurs Lumiere (Lighting Consultant)Patrick Blanc (Landscape Consultant) ; J Roger Preston (S) Pte Ltd (M&E Engineering Consultant) ; Rider Levett Bucknall Consultancy Pte Ltd (Quantity Surveyor) ; Takenaka Corporation (Main Contractor) Moment Factory (Multimedia Design and Production)

MIPIM Asia Awards 2024

Best Residential Project

Laurel at Navapark

BSD City – Indonesia

Developer: Hongkong Land and Sinar Mas Land (JV)

Architect: Nataneka (architect for Laurel)

Oukas Setagaya Sengawa

Tokyo – Japan

Developer: Nomura Real Estate Development Co.,Ltd

Architect: NIKKEN HOUSING SYSTEM LTD + Kumagai Gumi Co., Ltd.

Riverville

Shanghai – China

Developer: Shui On Land

Architect: Lacime Architects

Others: Shanghai ZF Architectural Design Co.LTD Z+T CO LTD ; Project Design Collective by studio MH A.RK Interior Design Pte Ltd ; TS lighting ; Corlette design Inhablt (Beijing) Ltd Shanghai Bronch office

Best Retail Project

Lovi Center

Xi’an – China

Developer: Xi’an Yan Cheng Investment Company Limited

Architect: Aedas

Nanjing IFC

Nanjing – China

Developer: Sun Hung Kai Properties

Architect: KPF

Suzhou Yanlord Cangjie

Suzhou – China

Developer: Yanlord Land Group

Architect: Woods Bagot

MIPIM Asia Awards 2024

Best Shopping Experience

AIRSIDE

Hong Kong SAR – China

Developer: Nan Fung Development Limited

Shoppes at Londoner – The Londoner Macao

Macau SAR – China

Developer: Sands China Ltd

#Urbanhood at Hysan Place

Hong Kong SAR – China

Developer: Hysan Development Company Limited

Architects: Design Architect Andy Cohen – Global Co-Chair; Gensler

Others: Lead Consultant AEDAS (Macau) Lda; LC Chan, Managing Director; Jan Young, Executive Director; Shannon Ho, Executive Director; Ricky Ho, Associate Director Structural Consultant Arup Macau Limited; Joseph Li, Director; Johnson Po, Director; MEP Consultant WSP (Asia) Limited Herbert Lam, Executive Director; Lighting Consultant (interior - Retail) TinoKwan Lighting Consultants Ltd; Frankie Tsang, Designer; Signage Consultant Dutton Bray John Dutton, Director.

Best New Development

Atrium Place

Gurugram – India

Developer: Atrium Place Developers Private Limited

Architect: Pelli Clarke & Partners

Others: Main Contractor: Shapoorji Pallonji ; Design Architect: Pelli Clarke & Partners ; Executive Architect: DesignPlus Architecture ; Landscape Architect: SWA Group / Integral Designs International Studio ; MEP Consultant: ME Engineers / ME Engineers Design India ; Structural Design: Colaco Engineers / Optimal Consultancy Services Vertical Transportation: Van Deusen & Associates Façade: BES Consultants

Keppel South Central

Singapore

Developer: Keppel Land

Architect: NBBJ

Others: Architects 61 (Executive Architect) Woods Bagot (Interior Design); EcoPlan (Landscape Architect) Meinhardt (Structural Consultant); Alpha Consulting Engineers (MEP); Arup (Enclosure Consultant); G-Energy (Sustainability Consultant); Lightbox (Lighting Consultant) THERE (Signage Consultant); Obayashi Corporation (Main Contractor); LHL (Façade Contractor); Fastflow (Rainwater Management Consultant)

Suzhou Central

Suzhou – China

Developer: Hongkong Land & Sungent Holding Group

Architect: Benoy

Others: Artsgroup (LDI) ; RFR (Facade Consultant) ; JATO (Interior) ; SWA (Landscape) ; Change (Landscape) ; WSP (MEP Consultant) ; Tungsten (Lighting consultant)

MIPIM Asia Awards 2024

Best New Mega Development

Huafa Snow World

Shenzhen – China

Developer: Huafa Group

Architect: 10 Design

Others: Beijing Victory Star Architectural & Civil Engineering Design CO., LTD. (Local Architect, Construction Drawing Designer) DPH (Retail Interior Designer) CCD (Hotel Interior Designer) Lab D+H (Landscape Designer) CAUPD (SHENZHEN)

PLANNING & Design Consultants (Detailed Blueprint Design Consultant) TEDA (Fire Consultant) Qingdao Tengyuan Design (BIM Consultant) MVA (Traffic Consultant) CABR Construction Research Institute (Façade Consultant) J+B Studios Architecture

Lighting (Façade Lighting Consultant) EternalStar Ice & Snow (Snowmaking Consultant)

Shanghai Duolun Road Urban Renewal

Shanghai – China

Developer: CSCEC Dongfu

Architect: Woods Bagot

Others: Shanghai TIANHUA Architecture Planning & Engineering Ltd., Shanghai Zhang Ming Architectural Design Firm

West Bund Central

Shanghai – China

Developer: Hongkong Land

Architect: Kohn Pedersen Fox (KPF)

Others: KPF (Masterplan Design Architects), Heatherwick Studio Ltd. (Lot C Design Architects), HKS ARCHITECTS (CHINA) LTD. (Lot C Design Architects), KPF (Lot D Design Architects), Benoy Limited (Lot D Retail Design Architects), Zhejiang Greentown Architectural Design Co. (Lot D Architectural Design), The SWA Group Inc (Lots D/F Landscape Design), Shanghai Daoyue architectural design office (Lot E Landscape Design), RONALD LU & PARTNERS (Lots E/F

Office Design Architects), TEN DESIGN GROUP LIMITED (Lots E/F

Commercial Building Design), Goettsch Partners (Lot F Office Design Zhejiang Greentown Architectural Design Co. (LotF Residential and Commercial Design), Elephant Architectural Design Ltd. (Lot G Residential and Commercial Design), 10 Design (Planetarium Design)

Participants List

Check out our up to date participants list here

A

A P A R T COMPANIES

HONG KONG

Tiffany LAU Founder & Principal

AB CAPITAL

HONG KONG

Alan KAM Founder & CEO

Bryan LEE Founder & CFO

ABCI

HONG KONG

Terence CHAN Director

ADDINGTON CAPITAL LLP

UNITED KINGDOM (THE)

David DALRYMPLE

Principal Martin ROBERTS

Principal

AEDAS

HONG KONG

David CLAYTON

Global Design Principal

Cary LAU

Global Design Principal

AEW

HONG KONG

Victoria CHOW

Assistant Director, Investor Relations

Athena TSE

Investments, Greater China

Yian WANG

Assistant Portfolio Manager and Head of Investments

AEW ASIA PTE LTD

SINGAPORE

Jean Philippe GAUDIN Head of Asset Management

AIA

HONG KONG

Parkes LEE Head of Real Estate Investment

AL CAPITAL

AUSTRALIA

Wayne MO CEO

Sharon YANG Head of Investment & Capital Management

AL MARJAN ISLAND LLC

UNITED ARAB EMIRATES (THE)

Simon COOK Sales Director

ALLIANCE CONSTRUCTION MATERIALS LIMITED

HONG KONG

Siu Kei WU Head of ESG

ALMCOR

UNITED KINGDOM (THE)

Jonathan WHITTINGHAM CEO

Rupert WOOD Head of Strategic Land

ALVAREZ & MARSAL

UNITED KINGDOM (THE)

William CLARK Senior Director

APEX PROPERTY

HONG KONG

Vicky LAM COO

APG ASSET MANAGEMENT

HONG KONG

Hannah BAO

Senior Investment Analyst

Brian HUNG Director

Joelin MA Director

APPLE

HONG KONG

Gregor PRATTLEY Head of Real Estate, Asia Pacific

APREA, HONG KONG CHAPTER

HONG KONG

Edmund HO Board Director

The World’s City

The City of London offers a dynamic blend of vibrant public spaces, iconic architecture, and great transport links. Its unrivalled proximity to leading financial and professional services makes it the leading location for investors, developers, occupiers, and talent. Your place to locate, invest, and grow.

ARCADIS

CHINA

Chingyin LI

Senior Associate

ARCH CAPITAL MANAGEMENT COMPANY LIMITED

HONG KONG

Leon CHUI

Senior Manager

Julie FOK

Senior Analyst

Jeffery KUO Manager

Terence LO Managing Director

Jonathan UMALI Chief Investment Officer

Ignatius WONG COO & CFO

Alexandra YUE Analyst

Richard YUE Founder & CEO

AREA MANAGEMENT SDN BHD MALAYSIA

Alistair LABROOY Director

Stewart LABROOY Chairman

Remakantan RAMACHANDRAN COO

Rajesh Kumar THARMALINGAM Director

ARES MANAGEMENT

HONG KONG

Danielle LAU Managing Director

AROMA PACIFIC CHINA FAMILY OFFICE

HONG KONG

Raymond PUN CFO

ATELIER CAPITAL PARTNERS

SINGAPORE

Terence TANG CEO

AURUM CREDO LIMITED

CHINA

Alice FONG

Managing Director

AVATAR CAPITAL PARTNERS

HONG KONG

Ronald CHIU

Founding Partners

Angel LI Founding Partner

AXA IM ALTS

JAPAN

Laurent JACQUEMIN Head of Asia-Pacific, Real Assets

AYALA LAND, INC.

PHILIPPINES (THE)

Pauline Clarisse FERIA-DARRE

VP, Head of Strategy and Transformation

Erica LIM

Senior Corporate Strategist

BBAYTIK LIVING PROPERTIES

UNITED ARAB EMIRATES (THE)

Safaa ALI

Senior Client Manager

Andreea ROMINA Senior Client Manager

BEI GROUP

HONG KONG

Collin LAU Founder and CEO

BENOY HONG KONG

Maybelyne NG

Head of Marketing & Communications APAC

Teri TSANG Director, Hong Kong Studio Lead

BGO HONG KONG

David WATT Senior Advisor

Participants List

BHIRAJ BURI GROUP

(BHIRAJ BURI HOLDING CO., LTD.)

THAILAND

Pitiphatr BURI

Chief Executive Officer

Worakarndee SANGJUN

Group Director of Business Strategy

BIRD & BIRD

AUSTRALIA

Vince BAUDILLE

Partner, Global Co-Head of Real Estate

BLACKSTONE

UNITED STATES (THE)

Lincoln CHAN

Senior Associate

HONG KONG

Pak Man YUEN

Managing Director

BLOOMBERG NEWS

Hong Kong

Shawna KWAN

Reporter

BLUE POOL CAPITAL LTD

HONG KONG

Wei ZHANG

Principal

BLUEBELL GROUP

HONG KONG

Carine PIN

Group Business Development Director

BRIGHTON COLLEGE INTERNATIONAL

UNITED KINGDOM (THE)

Graeme OWTON

Chief Executive

BRITISH CHAMBER OF COMMERCE OF HONG KONG

HONG KONG

Jeremy SHELDON

Chairman

BTR NEWS & RENTAL LIVING NEWS

HONG KONG

Nick BIRING

CEO

Bea PATEL

Co-founder & Editor

CC C LAND HOLDINGS LIMITED

HONG KONG

Eva CHAN

Head of Investor Relations

CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC

SINGAPORE

George AGETHEN

Managing Director, Real Estate, Asia-Pacific and Latin America

CAPITALAND

SINGAPORE

Joshua PHUA Associate

CARLTON PROPERTY LIMITED

HONG KONG

Guy FULTON Director

CDC INVESTISSEMENT IMMOBILIER - GROUPE

CAISSE DES DEPOTS FRANCE

Renaud DELAIDDE Head of investments

CENTALINE INVESTMENT

HONG KONG

Kavis IP CEO

Josephine KONG

Managing Director

CENTRAL DEVELOPMENT LIMITED

HONG KONG

Timothy HUI

Business Development Manager

CENTRAL SITE 3 MANAGEMENT LIMITED

HONG KONG

Tom ANDREWS

Director, Head of Leasing & Operations

CENTRE FOR LIVEABLE CITIES

SINGAPORE

Stephanie YONG

Deputy Director

CHAMPION REIT

HONG KONG

Christina HAU

CEO

CHELSFIELD ASIA (HONG KONG) LIMITED

HONG KONG

Nicholas J. LOUP

CEO

CHINA MOTOR BUS

HONG KONG

Michael MOIR

Executive Director

CHINA OVERSEAS LAND & INVESTMENT LTD

HONG KONG

Athena NG

General Manager, Corp. Fin & Corp. comm.

CHINA RESOURCES LAND (OVERSEAS) LIMITED

HONG KONG

Johnson WAI

Deputy Managing Director

CHINACHEM GROUP

HONG KONG

Andy CHEUNG

Executive Director & CEO

CHONGBANG GROUP

CHINA

Henry CHENG

CEO & Executive Director

Simon CHOW

Senior Director Investment & Development

Fanny LEUNG

Senior Managing Director

CHOW TAI FOOK ENTERPRISES LIMITED

HONG KONG

Kenneth LAU

Managing Principal

CHURCHILL & PARTNERS

UNITED KINGDOM (THE)

Beverly CHURCHILL

CEO

Ian STAZICKER

Special Advisor

CISTRI

SINGAPORE

Jack BACKEN Director

David LARKIN

Director

CITIC CAPITAL HOLDINGS LIMITED

HONG KONG

Stanley CHING

Managing Partner

CITY DEVELOPMENT LIMITED

SINGAPORE

Esther AN

Chief Sustainability Officer

CITY OF LONDON CORPORATION

UNITED KINGDOM (THE)

Annabel SINGH

Stakeholder Engagement Manager

Katie STEWART

Executive Director Environment

Peter WILSON

Assistant Director Development

CK ASSET HOLDINGS LIMITED

HONG KONG

Justin CHIU

Executive Director

CLFMI HONG KONG LIMITED

HONG KONG

Gabriel FONG

Managing Director

CMIA CAPITAL PARTNERS PTE LTD

SINGAPORE

Chen ZHEN

General Manager

CONSORTIUM PROPERTY GROUP ASIA

JAPAN

Simon CLANCY

Founding Partner

CPP INVESTMENTS

HONG KONG

Johnny CHIO

Director

Rebecca LAM

Managing Director

Ted WATANABE Director

Participants List

CPPIB

HONG KONG

Raymond CHAN

Managing Director, Head of APAC Credit

Gilles CHOW

MD, Head of Real Estate North Asia

Chi Hua LEI

Managing Director

Jimmy PHUA

Managing Director

CREDIT AGRICOLE CORPORATE & INVESTMENT BANK HONG KONG

Kenneth YEUNG

Managing Director, Regional Head of Real Estate

CRYSTAL INVESTMENT LIMITED HONG KONG

Andrew CHAN

Chief Investment officer

Nick LO

Director / CEO

CUSHMAN & WAKEFIELD HONG KONG

Rosanna TANG

Executive Director, Head of Research

CYPRIAN CAPITAL

HONG KONG

Calvin LEE

Managing Director

DDBS BANK LTD., HONG KONG BRANCH

HONG KONG

Sherman HUNG

Head of Large Corporate, IBG Hong Kong

Hamza MAHFOOZ

Senior Vice President

Tracy PAU

Head of Real Estate

DELTA GLOBAL HOLDINGS LTD.

HONG KONG

Marcel DIMENSTEIN

Managing Director

DEPARTMENT FOR BUSINESS AND TRADE

UNITED KINGDOM (THE)

Tony DANAHER

Principal Advisor

Cathy FRANKLIN

Head of China/Hong Kong

DEPLOY HONG KONG

Jordan KOSTELAC CEO

DLA PIPER HONG KONG HONG KONG

Susheela RIVERS

Office Managing Partner

DUBAI LAND DEPARTMENT

UNITED ARAB EMIRATES (THE)

Mahmoud Hesham EL BURAI

Senior Advisor

DUTA GROUP

MALAYSIA

Sean YAP

Executive Vice Chairman

EEMPLOYEES PROVIDENT FUND

MALAYSIA

Shahril RAMLI

Investment Manager

ENSO ARABIA COMPANY FOR EVENT

SAUDI ARABIA

Elie DACCACHE

International Event Director

ERNST & YOUNG LLP HONG KONG

Harvey COE Senior Advisor

UNITED KINGDOM (THE)

Angela LI Partner

SINGAPORE

Seng-Leong TEH Partner

ESR GROUP LIMITED HONG KONG

Rui Hua CHANG Managing Director, ESR

EUROBA HONG KONG

Veronique GUILLOTON Founder & CEO

EVERSHEDS SUTHERLAND (INTERNATIONAL) LLP

UNITED KINGDOM (THE)

Will DENSHAM Partner

Lee JACKSON Partner

Stewart WOMERSLEY Partner

FFAR EAST CONSORTIUM INTERNATIONAL LIMITED

SINGAPORE

Dennis CHIU Executive Director

FOK YING TUNG GROUP HONG KONG

Wendy LAM

Asset Management and Investment Manager

FORTUNE REIT HONG KONG

Justina CHIU Chief Executive Officer

FRENCH CHAMBER OF COMMERCE AND INDUSTRY

HONG KONG

Alain LI President

FUKUOKA REALTY CO. LTD JAPAN

Hideya KANNO Executive Officer

FURLA RETAIL HK HONG KONG

Filippo GORI CEO APAC

GGALAXY ENTERTAINMENT GROUP MACAO

Peter LEUNG

Executive Vice President

GARDE CO., LTD.

SINGAPORE

Shaun JALLEH

Business Development Manager

GAW CAPITAL PARTNERS

HONG KONG

Christina GAW

Managing Principal

GIC REAL ESTATE

SINGAPORE

Hwee Chin HAN

Managing Director

GREAT EAGLE GROUP HONG KONG

Debby WONG

General Manager - Development

GREENGEN

UNITED STATES (THE)

Brad DOCKSER CEO

HHANG LUNG PROPERTIES LIMITED

HONG KONG

Kenneth CHIU Executive Director & CFO

John HAFFNER Deputy Director - Sustainability

HARVARD UNIVERSITY

UNITED STATES (THE)

Patrice DERRINGTON Professor

HCP ARCHITECTURE & ENGINEERING

SPAIN

Jesus RUIZ GILIBERT Australia-Operations Manager

HEIDELBERG MATERIALS AG

GERMANY

Dr. Mubarik CHOWDHRY Director Global Innovation Hub

HENDERSON LAND GROUP

HONG KONG

Gidget LUN Assistant General Manager - Project Management

HENGLI INVESTMENTS HOLDINGS (GROUP) LIMITED

HONG KONG

Ian CHAN

Managing Director

George TAM Chief Investment Officer

HENRY BUTCHER MALAYSIA (PENANG) SDN. BHD MALAYSIA

Jason TEOH Managing Director

HINES EUROPE LTD

UNITED KINGDOM (THE)

Ronen JOURNO Head of European Management Services

HINES INDIA

INDIA

Disha GROVER

Associate Director, Development

Biju VM

Regional Director, Development, North India

HINES UK LTD

UNITED KINGDOM (THE)

Raj RAJPUT

Managing Director, Asset Management

HINRICH FOUNDATION

HONG KONG

Mark GRAINGER

Corporate Real Estate Director

HON KWOK LAND INVESTMENT CO., LTD.

HONG KONG

David MA

Board of Director

James WONG

Chairman

HONG KONG INSTITUTE OF REAL ESTATE

ADMINISTRATORS

HONG KONG

Wun Hing Donald CHOI

President

HONG KONG MONETARY AUTHORITY

HONG KONG

Melody CHAN

Deputy Head (Private Markets)

Ella LAU

Associate Portfolio Manager (Private Markets)

Elaine SHE

Senior Portfolio Manager (Private Markets)

Phillip WONG

Head (Private Markets)

Samson WONG

Chief Investment Officers

HONG KONG TRADE DEVELOPMENT COUNCIL

HONG KONG

Anna CHEUNG

Director, Service Promotion

II.T LIMITED

HONG KONG

Rosa TAM

Property Director

ING MEDIA LTD.

UNITED KINGDOM (THE)

Haziq ARIFFIN

Senior Account Manager

ISOLA CAPITAL LIMITED

HONG KONG

Anthony CHAN

CEO

IVANHOE CAMBRIDGE

SINGAPORE

Laurent FISCHLER Head of investments, APAC Real Estate

JJAPAN VALUERS CO., LTD.

JAPAN

Jun KOMURO

President & CEO

Takashi NAKAZAWA Head of International Relations

Ryohei YAMANAKA Associate

JD.COM

HONG KONG

Richard LAW

Head of Real Estate APAC

JP EIGHT

UNITED ARAB EMIRATES (THE)

Jasem ESMAEILI Partner

Participants List

JP EIGHT ASSET MANAGEMENT AND REAL ESTATE DEVELOPMENT LLC

UNITED ARAB EMIRATES (THE)

Nam Hoang PHAN Partner

KKAFD SAUDI ARABIA

Ahmed ALDHAHRI Sr. Property Manager

KAILONG GROUP HONG KONG

Hei Ming CHENG Chairman

KHI HOLDINGS GROUP

HONG KONG

Anthony CHOU

General Manager - Property

Nicolas FU Chief Operating Officer

Joe LIN Chief Investment Officer

KING SALMAN PARK FOUNDATION

SAUDI ARABIA

George TANASIJEVICH Chief Executive Officer

KKR ASIA LIMITED HONG KONG

John PATTAR Partner

KOHN PEDERSEN FOX ASSOCIATES PC USA

Florence CHAN Director

Rebecca CHENG Principal

KORZO INVESTMENT MANAGEMENT SPAIN

Guillaume SAINPY Managing Director

KPMG

HONG KONG

Anson BAILEY Head of Consumer & Retail

KWAI HUNG GROUP

HONG KONG

Jeremy LAU Assistant Development Manager

KZ CAPITAL

MALAYSIA

David KANG Director

LL CATTERTON REAL ESTATE

UNITED KINGDOM (THE)

Alexandre HERIARD-DUBREUIL Partner & CIO

LAI FUNG HOLDINGS LTD

HONG KONG

Edmond YEW Senior Vice President

LANDMARK FAMILY OFFICE

HONG KONG

Cameron HARVEY CEO

LANGHAM HOSPITALITY GROUP

HONG KONG

Andrew LO Managing Director, Asset Management

LASALLE INVESTMENT MANAGEMENT

HONG KONG

Chris CHOW Senior Managing Director

LASVIT (APAC) LIMITED

HONG KONG

Vojtech HAVRDA

Associate General Manager

Wai Hoi Danny YEUNG

Project Consultant

LAWS FASHION GROUP LIMITED

HONG KONG

Bosco LAW

Deputy Chairman & CEO

LCA

UNITED KINGDOM (THE)

Jonny POPPER Partner & Chief

LEPL ENTERPRISE GEORGIA GEORGIA

Inga BAKURIDZE

Deputy Head of Investment Department

Mikheil KHIDURELI

CEO

Nino NEPARIDZE

International Projects Manager

Tornike ZIRAKISHVILI

Deputy CEO

LHT CAPITAL

HONG KONG

Vivian CHAN

Managing Director

LINK ASSET MANAGEMENT LIMITED

HONG KONG

Christine CHAN

Managing Director - Investment (Asia)

George HONGCHOY

CEO & Executive Director

Duncan Gareth OWEN Chair

John SAUNDERS

Group Chief Investment Officer

Aileen YEUNG

Assistant General Manager - Leasing (HK)

LIU CHONG HING INVESTMENT LIMITED

HONG KONG

Jonathan LAW Vice President

LIVESTATE ASSET MANAGEMENT

JAPAN

Eric AU Executive Director

Participants List

MMACQUARIE ASSET MANAGEMENT

SINGAPORE

Charles GRIFFITH

Associate Director

MANULIFE INVESTMENT MANAGEMENT

HONG KONG

Kenneth TSANG

Senior Managing Director, Head of Asset Management, APAC

MAORI CAPITAL

HONG KONG

Michael LING

Managing Partner

MAPLETREE INVESTMENTS PTE LTD

SINGAPORE

Kwang Meng QUEK

Regional Chief Executive Officer

MAUCHER CONSULT GMBH

GERMANY

Michael MAUCHER

Managing Partner

MCDONALDS CHINA DEVELOPMENT COMPANY

HONG KONG

Wana LEUNG

Real Estate Lead, Asia Business Unit

MERCER INVESTMENT SOLUTIONS

SINGAPORE

Clarisse WONG

Lead Asia Real Estate

MESSE MÜNCHEN GMBH

MITSUI FUDOSAN INVESTMENT ADVISORS, INC.

JAPAN

Akihiro LIDA Associate

Shuji TOMIKAWA Chairman

MTR CORPORATION (UK) LTD

UNITED KINGDOM (THE)

John ROBINSON

Head of Property Europe

NNAN FUNG GROUP

HONG KONG

Raymond KWOK Senior Director

NEW MURABBA

SAUDI ARABIA

Ashwaq ALBABTAIN

Senior Manager Development

Faisal ALSARHAN

Stakeholder Management Senior Manager

Salem ALZAHRANI

Communications Director

Thomas HAAG

Development Director

Zeina IBRAHIM

Events Project Manager

Carl SCHIBROWSKI

Chief Development Officer

Fahad SIDDIQUI

Investment Analysis Senior Manager

NEW WORLD DEVELOPMENT CO LTD

HONG KONG

Jeff TUNG

Head of Special Projects - Project Management

NEWMARK

UNITED STATES (THE)

Frederick WONG

Executive Managing Director

NIRVANA CAPITAL

HONG KONG

Thomas LEUNG Partner

NOMURA REAL ESTATE HONG KONG

HONG KONG

Nanase HORI Managing Director

NUVEEN REAL ESTATE

HONG KONG

Jing ZHOU Senior Director

OONTHELIST

HONG KONG

Delphine LEFAY

Co-founder and CEP

Giovanni MUSILLO HK General Manager

OPPORTUNITY LONDON

UNITED KINGDOM (THE)

Yasmin MALIK

Investor Relations Manager

Jace TYRRELL CEO

OVOLO GROUP HONG KONG

Girish JHUNJHNUWALA Chairman and CEO

PPAG HONG KONG

Horst GEICKE Founding Partner

PARK CAPITAL GROUP HONG KONG

Wendy LAW Executive Diretcor

Participants List

PARK CAPITAL GROUP

HONG KONG

Samuel LUK Investment Director

PARK LANE SOLUTIONS HONG KONG

Alan CHAN President

PARTNERS GROUP

SINGAPORE

Paige KOH Head of Business Development Real Estate

PATRIZIA DENMARK

Marko MULTAS Head of Investment Asia & RE Debt

PERMODALAN NASIONAL BERHAD MALAYSIA

Mounawir BIN ROUSLAN Global Real Estate & Asset Management

PETERSON GROUP

HONG KONG

Belinda NG Director

Tony YEUNG CEO

PFIZER

HONG KONG

Rick LAM Real Estate & Asset Management Lead APAC

PIF PROJECTS

SAUDI ARABIA

Geoffrey LAI CEO

PIMCO PRIME REAL ESTATE SINGAPORE

Scott KIM

Chief Executive Officer, Asia Pacific FRANCE

Francois TRAUSCH CEO

PING AN REAL ESTATE CHINA

Stanley ZHANG General Manager

PKF HOSPITALITY LIMITED

HONG KONG

Robin WATTINGER Partner

PL PROPERTY GALLERY DEVELOPERS & CONSTR.

CYPRUS

Fivos THEODOROU Head Of Sales & Businesses Development

PLAZA PREMIUM GROUP

HONG KONG

Jonathan SONG

Chief Commercial Officer

Mei Mei SONG Chief Transformation Officer

POLARIS HOLDINGS LTD HONG KONG

Oscar CHOW Managing Director

PREQIN

UNITED KINGDOM (THE) Ariel LAU Manager, Global Accounts

Tina TAM Senior Manager, Greater China

PROFESSIONAL PROPERTY SERVICES LIMITED

HONG KONG

Margaret BROOKE CEO

Nicholas BROOKE Chairman

PROFITZ CO., LTD

JAPAN

Hiroaki OTA Manager

Shinichiro TANAKA CEO

PRUDENCE WEALTH (HK) LTD

HONG KONG

Albert HUI Director

PS BRNO CZECHIA

Libor MATL Business director

Michal MATYAS Director

QQATAR INVESTMENT AUTHORITY

QATAR

Christiaan BORG

Manager, Private Markets Investment Risk

QUADREAL PROPERTY GROUP

HONG KONG

Ryan CHAN

Vice President

Max GOLOPOL

Vice President

Nat MILLER

Senior Vice President

RRALPH LAUREN ASIA PACIFIC LTD

HONG KONG

Winnie YU

Head of Real Estate, International

RELATED ARGENT

UNITED KINGDOM (THE)

Tom GOODALL

Chief Executive

Oli RIFKIND

Executive Director

RETRANSFORM - AN APEX GROUP COMPANY

INDIA

Punit CHOVATIA

Head - Business Development

REUTERS HONG KONG

Clare JIM

Senior Correspondent

ROAD KING INFRASTRUCTURE

HONG KONG

Juliet LI

Head of investment

SS&TECHS ( HONG KONG ) LTD

HONG KONG

Michael KAVANAGH

Chief Operating Officer

SC CAPITAL

SINGAPORE

Rai KATIMANSAH

Managing Director, Special Situations & Direct Lending

SCHINDLER ELEVATOR LTD.

CHINA

Chris LIU

Business Development

SCHINDLER MANAGEMENT LTD.

SWITZERLAND

Michael DOBLER

Head Global Account Mangement

Jeremiah HELLER

Managing Director

Alan LOK

Sales Director

Karl SCHOTTLER

Head Schindler Large Project Center Asia

Calynn TAN CEO

SECURITIES AND FUTURES COMMISSION

HONG KONG

Fook Aun CHEW Non Executive Director

SERICIN LIMITED

HONG KONG

Hilary CORDELL Chairman

Brett JACKMAN

CTO

Laurence NG-CORDELL Founder & CEO

SHINHAN GIB

HONG KONG

Woo Yong David LEE Managing Director

SHUI ON LAND

CHINA

Albert CHAN

Director of Planning and Development

SHUI ON LAND LIMITED

HONG KONG

Stephanie LO Vice Chairman

SJD PROPERTIES

INDIA

Dr. Sabyasachi Julu DAS CEO

SOCIETE GENERALE

HONG KONG

Wei YAO

Chief Economist, APAC

SOUNDWILL (HONG KONG) LIMITED

Hong Kong

Winnie CHAN

Managing Director

SOW CAPITAL LTD.

Hong Kong

Kun To Philip WONG

CEO

STANDARD CHARTERED

SINGAPORE

Shelley BOLAND

Head Corporate Real Estate & Services

STARR INTERNATIONAL INVESTMENT ADVISORS (ASIA) LIMITED

HONG KONG

Alison COOKE

Managing Director

STERLING PRIVATE MANAGEMENT LIMITED

HONG KONG

Jonathan CHEN Investment Analyst

STOREFRIENDLY ASIA INVESTMENTS

HONG KONG

Arthur LAW

Managing Partner

SUMITOMO MITSUI TRUST BANK

JAPAN

Daisuke NAOI

Associate General Manager

SUN HUNG KAI & CO.

HONG KONG

Christophe LEE Managing Director

SUN HUNG KAI PROPERTIES

HONG KONG

Theo CHENG Director - Investment

Jane DING Directors Office

SUNLINK HOLDINGS (HK) LIMITED

HONG KONG

Angus CHAN COO/CFO

SWIRE PROPERTIES

HONG KONG

Tim BLACKBURN Chief Executive

TTHAMES ESTUARY GROWTH BOARD

UNITED KINGDOM (THE)

Frances MOFFETT-KOUADIO

Strategic Investment Director

Kate WILLARD Envoy

THE BAUHINIA HOTEL MANAGEMENT LIMITED

HONG KONG

Ivan CHONG

Deputy Director

THE CHU FAMILY FOUNDATION

HONG KONG

Stephen CHU Director

THE EAV’S GROUP

HONG KONG

James SMITH

Associate Director

THE EXECUTIVE CENTRE

HONG KONG

Chelsea PERINO

Managing Director, Global MarComms

THE FIRST THE LAST AGENCY

UNITED STATES (THE)

Tatiana KORNIIUK Co-founder

THE HONG KONG INSTITUTE OF ARCHITECTS

HONG KONG

Chak Bun Benny CHAN President

THE JERDE PARTNERSHIP

HONG KONG

Phil KIM

Chairman, Managing Director Asia Pacific

THE SWATCH GROUP (HONG KONG) LIMITED

HONG KONG

Alice CHOW

Head of Retail Business Development

THE TOWNSEND GROUP

HONG KONG

Joseph TANG Partner

THE WING ON DEPARTMENT STORES (HONG KONG) LIMITED

HONG KONG

Gareth KWOK Director

TMF GROUP

HONG KONG

Winson LEUNG

Business Development Senior Director

Patrick NA

Market Head of Business Development

Kosaku YOSHIOKA

Market Head of Business Development

Kam YUEN

Head of Fund Services

TPG ANGELO GORDON

HONG KONG

Zoe ZUO

Managing Director

TRIO CAPITAL

HONG KONG

Tim ALPE

Managing Director

TUMI ASIA LTD.

HONG KONG

Katrina WU

Senior Director, Real Estate

TWIN PEAKS ASSET MANAGEMENT LIMITED

HONG KONG

Yang YU

Managing partner

UUK DEPARTMENT FOR BUSINESS AND TRADE

HONG KONG

Anthony DONALDSON Secretary to UK Minister for Investment

UK FOREIGN, COMMONWEALTH AND DEVELOPMENT OFFICE

UNITED KINGDOM (THE)

Baroness Poppy GUSTAFSSON OBE

UK Minister for Investment - Department for Business and Trade

HONG KONG

Sydney LEWIS Head of Investment Services

Stephen MCLEAN

Deputy Director, Trade & Investment

Tony YU

Associate Director

VVERVAIN RESOURCES

HONG KONG

Owen HO

Chief Executive

VICTORINOX HONG KONG LIMITED

HONG KONG

Dauphin CHAN

General Manager, APAC

Joanne FOK

Director – Sales & Operations, Hong Kong

VIVA GOODS COMPANY LIMITED

HONG KONG

Michael LI Director

WWAH LINK INVESTMENTS LIMITED

HONG KONG

Jacqueline WONG Executive Director

Michelle WONG CEO

WANG ON PROPERTIES

HONG KONG

Nick TANG CEO

WEAVE LIVING

HONG KONG

Liz CHU

Chief Operating Officer

WELLS GLOBAL ASSET MANAGEMENT

HONG KONG

Murphy MOK

Senior Vice President

WEMAINTAIN TECHNOLOGIES PTE LTD

SINGAPORE

Samson LIM

Head of Sales APAC

WHEELOCK PROPERTIES (HONG KONG) LIMITED

HONG KONG

Leo YANG

General Manager (Business Affair)

WING TAI PROPERTIES LTD

HONG KONG

Kar Wai Kenneth NG

Managing Director - Properties

WINGATE AUSTRALIA

Mark HARRISON

Business Development, Property

WITHERSWORLDWIDE

HONG KONG

Polly CHU Partner

XXILAN GROUP LIMITED

HONG KONG

Clarence Chun Kit LING Chairman

YYARDI SYSTEMS LTD

HONG KONG

Bernie DEVINE

Senior Regional Director, Asia Pacific

Kenneth LI Regional Manager

YOO CAPITAL

UNITED KINGDOM (THE)

Lloyd LEE

Managing Partner

Igor MATHIAS Principal

ZZURICH INSURANCE HONG KONG

William SHAW Head of Real Estate, Asia Pacific

Conferences & Events Programme

At a Glance Programme

Wednesday 4 December

08.30 > 09.30 | Networking Breakfast

09.30 > 10.00 | Grand Ballroom

Opening Keynote

The outlook for the APAC economy and its impact on real estate: perspectives and scenarios.

Wei Yao Chief Economist APAC Société Générale

10.00 > 12.00 | Grand Room

Investors’ Forum

(Closed-door Investors’ Forum by Invitation only)

The Investors’ Forum offers a unique and exclusive platform for sovereign wealth, pension, insurance funds, and capital owners to discuss real estate investment strategies in APAC. Key topics include the impact of generative AI, affordable housing, urban redevelopment and ESG investment, addressing the challenges of climate change with rising costs and inflation. Through debate and collaboration, the forum aims to share innovative solutions, driving the real estate industry and investment community forward.

Speakers

Justin Chiu Executive Director CK Asset Holdings Limited

Rebecca Lam Managing Director CPPIB

Christina Gaw Managing Principal, Global Head of Capital Markets and Co-Chair of Alternative Investments Gaw Capital Partners

Collin Lau Founder and CEO BEI

Hongchoy Executive Director & Group CEO Link Asset Management Limited

Phillip Wong Head of Private Markets Hong Kong Monetary Authority

Kwok Senior Director Nan Fung Group

Raymond

George

10.00 > 12.00 | Grand Ballroom

Navigating in a New Era: Digitalisation

The real estate industry is undergoing a transformative shift driven by the megatrends of AI and ESG. These issues are redefining property investment, development and management, creating new opportunities and challenges for stakeholders. This session will explore in-depth how these trends are shaping the industry, and investor perspectives on digitalisation and decarbonisation across the APAC region.

10.00 > 11.00 | Part 1) Digitalisation:

Technology now plays a central role in tenant relationships, as well as how buildings are managed and maintained, particularly in the light of the industry’s net zero challenge. How can ever larger data sets be used to improve efficiency and the end-user experience? In what ways will AI improve decision making, and what do investors need to know about its use?

Moderator Speakers

11.00 > 12.00 | Part 2) Decarbonisation:

This session will explore key ESG trends and challenges facing the real estate industry’s journey to net zero, including energy-efficient designs, building certification, and renewable energy. It will address regulatory hurdles, financing, and reducing the carbon footprints of existing buildings, with a focus on accelerating towards net zero while maintaining asset value.

Moderator Speakers

Patrice Derrington Professor Harvard University

Esther An Chief Sustainability Officer City Developments Limited

John Haffner Deputy Director, Sustainability Hang Lung Properties Limited

12.00 > 13.30 | Networking Lunch

Katie Stewart Executive Director of Environment City of London Corporation

Kenneth Yeung Managing Director, Regional Head of Real Estate, Asia ex Japan Crédit Agricole Corporate & Investment Bank

Jordan Kostelac CEO Deploy

Bernie Devine Senior Regional Director, Asia Pacific Yardi

Jeremiah Heller Managing Director Jardine Schindler Hong Kong

Tiffany Lau Founder & Principal A P A R T Companies

Helen Wong CEO Lapis Global Ltd

13.30 > 14.15 | Grand Ballroom

The Leaders’ Perspective

A platform for industry leaders to share their experience and unique insights about the real estate industry in APAC.

Moderator Speakers

14.15 > 15.00 | Grand Ballroom

Belt and Road Initiative: A shared vision for real estate and beyond

Launched over a decade ago, China’s ambitious Belt and Road Initiative (BRI) is reshaping global infrastructure, presenting significant opportunities for the real estate sector. This session explores the potential impacts and opportunities arising from BRI projects, highlighting some remarkable examples of collaboration.

Moderator Speakers

Rosanna Tang Head of Research Cushman & Wakefield

Mikheil Khidureli CEO Enterprise Georgia

15.00 > 15.30 | Grand Ballroom

George Stewart Labrooy Executive Chairman Area Group of Companies

Carl Schibrowski Chief Development Officer New Murabba

Fireside Chat with UK Minister for Investment, Baroness Gustafsson OBE

Moderator Speaker

Jeremy Sheldon Chair British Chamber of Commerce Hong Kong

Poppy Gustafsson OBE UK Minister for Investment Department for Business and Trade

Guy Fulton Director Carlton Property Limited

Christina Gaw Managing Principal, Global Head of Capital Markets and Co-Chair of Alternative Investments Gaw Capital Partners

John Saunders Group Chief Investment Officer Link Asset Management Limited

François Trausch CEO & CIO PIMCO Prime Real Estate

Baroness

15.30 > 16.00 | Coffee Break

16.00 > 16.45 | Grand Room

MetaCore, a new revolutionary elevator system

How we live, work, and spend our leisure time is changing. Buildings are now expected to adapt and have the flexibility to accommodate these evolving needs. Schindler MetaCore enables buildings to be repurposed and their functionality to be reconfigured endlessly – significantly extending their useful lifespan. Schindler MetaCore creates flexible buildings by enabling one elevator group to deliver an easily adaptable, enhanced passenger experience for multiple building applications – delivering the flexibility required to make lifetime sustainability a reality.

16.00 >

16.45

| Grand Ballroom

Retail

This session covers key trends and insights from industry leaders on retail in APAC, including strategies for repurposing spaces. Topics include leasing trends, the impact of luxury and F&B sectors, and growth opportunities in prime locations. Learn how to revitalize retail properties to meet evolving market demands.

Moderator Speakers

Karl Schottler Head of Large Projects Asia Pacific Schindler Elevator Ltd

Organised by

Anson Bailey Head of Consumer & Retail, ASPAC KPMG

Beverley Churchill CEO Churchill & Partners

Sandro Hinds APAC Head of Real Estate and Store Development Lululemon

Kent Jan Co-Chairman Hong Kong PropTech Alliance

Delphine Lefay Co-Founder and CEO OnTheList

16.45 > 17.30 | Grand Ballroom

The Future of the Workplace

This session, designed for investors, developers, brokers, and occupiers among others, will assess the latest challenges, opportunities, and solutions for offices in the APAC region as employment trends evolve. Join this session to gain valuable insights into the future of work in APAC.

Moderator

Managing Director, global marketing and communications The Executive Center

Speakers

Director, Head of Leasing & Operations Central Site 3 Management Limited

17.30 > 18.00 | Grand Ballroom

and Services Standard Chartered

Flying to the Future - low altitude economy

Moderator

18.15 > 21.00 | Poolside Buffet Dinner

Speaker

Phil Kim Chair & Managing Director Asia Pacific Jerde Partnership

James Wong Chairman Chinney Hon Kwok Group

Chelsea Perino

Tom Andrews

Shelley Boland Global Head, Corporate Real Estate

Hei Ming Cheng Chairman Kailong Group

09.00 > 09.45 | Networking Breakfast

10.00 > 10.45 | Grand Ballroom

Private Debt in Key Markets

Discover successful private debt examples and explore the emerging opportunities in real estate secondaries as APAC’s dynamic markets present prime prospects for diversification and growth. Join industry leaders as they discuss how a complementary blend of private debt and secondaries investments can optimize risk-adjusted returns in today’s evolving economic landscape, shaped by a higher-for-longer interest rate environment and macroeconomic uncertainties.

Moderator Speakers

10.00 > 10.45 | Grand Room

Unveiling Riyadh’s New Murabba Project: Pioneering the Future of Urban Development

The session will explore upcoming projects and successful case studies that will highlight innovative solutions and strategies for tackling building envelope design challenge. Speakers

10.45 > 11.15 | Coffee Break

Edmund Ho Director Asia Pacific Real Estate Association

Mark Harrison Managing Director, Business Development, Property Wingate

Rai Katimansah Managing Director SC Capital Partners

Danielle Lau Managing Director Ares Management

Marko Multas Head of Investments Asia and Real Estate Debt Patrizia

Susheela Rivers Office Managing Partner DLA Piper Hong Kong

Carl Schibrowski Chief Development Officer New Murabba

Organised by

11.15 > 12.00 | Grand Ballroom

Global Inbound Investments

Asian real estate markets remain a magnet for substantial foreign investment, drawing interest from institutional investors and private funds seeking diversification and lucrative returns. Which cities, countries, and asset classes are capturing the attention of overseas capital? Moreover, how can Asian firms establish connections with global funds? This session will also explore optimal strategies for accessing the global marketplace and emphasise the critical role of data and transparency in facilitating cross-border transactions.

Moderator Speakers

11.15 > 12.00 | Grand Room

Strategic Partnerships: Investment Opportunities in London’s Future

Speakers

Tony Danaher Principal Advisor Department for Business and Trade

Tom Goodall Chief Executive Director Related Argent

Kate Willard Chair Envoy Thames Estuary Growth Board

Jace Tyrrell CEO Opportunity London

Jonny Popper CEO LCA

Organised by

Zoe Zuo Managing Director TPG Angelo Gordon

Chris Chow Senior Managing Director LaSalle Investment Management

Rebecca Lam Managing Director CPPIB

Jonathan Umali Chief Investment Officer ARCH Capital Management Company Limited

Pak Man Yuen Managing Director Blackstone

Alternative Investments: Diversifying for better resilience and returns

The focus is shifting towards alternative asset classes, driven by key secular trends, that promise long-term growth prospects. From logistics to data centres, healthcare to infrastructure, this session will explore the new economy assets which have become mission critical for operating cities today.

Koh Head of Business Development Real Estate, APAC Partners Group

Hua Chang Managing Director, Business Management and Investment, ESR Hong Kong Limited

Group Limited

Living Trends: Student Housing, Multifamily, Coliving, Traditional

The living sector in the Asia-Pacific region offers investors both stability and opportunity, even amid uncertainty. This session explores the latest trends and attractive opportunities for portfolio diversification. Topics include rising demand for housing driven by urbanisation trends and population growth, the increasing popularity of coliving spaces and student housing, and macroeconomic impacts on the market.

Sherman Hung Managing Director, Head of Large Corporate DBS Bank Ltd

Chan Chief Investment Officer Crystal Investment Limited

Partner Avatar Capital Partners

Andrew

Ronald Chiu Founding

Yian Wang Assistant Portfolio Manager and Head of Investments, Greater China AEW

Paige

Rui

Collin Lau Founder and CEO BEI

Jing Zhou Senior Director Alternatives Investment and Strategic Transactions Nuveen Real Estate

14.00 > 14.45 | Grand Room

The Art & Science of Retail Placemaking

Organised by Speakers

Cistri and Churchill & Partners explore how evidence-based design and purpose led strategy collaboratively create vibrant, people-centric retail destinations that thrive and drive economic success.

14.45 > 15.30 | Grand Ballroom

Hospitality

Hospitality has become one of the bright stars of real estate with its inflation-hedging characteristics amid the ongoing travel and tourism boom. Discover the latest investment trends and strategies in APAC, including retrofitting and repurposing projects, as well as technological innovations in the corporate, resort, and luxury hospitality sectors.

Moderator Speakers

15.30 > 16.00 | Coffee Break

Beverley Churchill CEO Churchill & Partners

Phil Kim Chair & Managing Director Asia Pacific Jerde Partnership

Jack Backen Regional Director Cistri PTE LTD

Tim Alpe Managing Director TriO Capital

Liz Chu COO Weave Living

Lloyd Lee Managing Partner Yoo Capital

Terence Tang CEO Atelier Capital Partners (SG) Pte Ltd

16.00 > 17.00 | Grand Ballroom

Meet the Chairmen

Real estate chiefs share their strategies for success in APAC real estate investment. This session sets the stage for insightful discussions led by industry leaders.

Moderator

18.00 | Registration counter opens

19.00 | Grand Ballroom

Susheela Rivers Office Managing Partner DLA Piper Hong Kong

Justin Chiu Executive Director CK Asset Holdings Limited

John Pattar Partner & Head of

Jimmy Phua

Head of

The Global Urban Festival

Housing Matters 10 March 11-14 March 2025

Palais des Festivals, Cannes, France

MIPIM influences and accelerates the transformation of the built environment by crafting a unique, week-long urban festival in Cannes.

Face-to-face discussions, workshops and panels offer inspiration and thought-leadership, while creating opportunities to exchange experiences and drive business and professional growth.

As a reference point for the global real estate industry, MIPIM provides unique access to global capital and concrete solutions for making assets more sustainable and resilient in a rapidly changing world.

Be part of MIPIM

TOP REAL ESTATE MANAGEMENT AND DEVELOPMENT COMPANY.

IN HARMONY WITH NATURE FOR A SUSTAINABLE FUTURE

As global warming transitions into an era of global boiling, with 2023 recorded as the warmest year on record and 2024 expected to be even hotter, the threat to natural systems and biodiversity becomes increasingly urgent. Approximately 50% of global GDP depends on nature, with about 1 million plant and animal species on the brink of extinction. This underscores the critical need to address climate change to protect both the economy and the planet’s ecosystems.

Since 1995, CDL has been guided by its ethos of “Conserving as We Construct.” The company has consistently integrated nature into the design, construction, and operation of its developments and assets. CDL’s commitment to sustainability is evident in its pioneering efforts, including being the first Singaporean company to publish its Sustainability Report in 2008 and align its disclosures with the Taskforce on Nature-related Financial Disclosures (TNFD) Recommendations in the 17th edition of its Integrated Sustainability Report, published in March 2024.

CDL’s leadership in environmental, social, and governance (ESG) integration over the past two decades is widely recognised. The company has been included in 14 leading global sustainability benchmarks and ranks among the top listed real estate companies on the 2024 Global 100 Most Sustainable Corporations in the World.

MAJOR ESG

www.CDLSustainability.com

The company remains committed to stepping up on nature positive action to complement its longstanding sustainability frameworks and forward-looking reporting. Adding Nature-based Solutions to its innovations and low-carbon strategies will help CDL create greater long-term value and positive impact for its stakeholders, communities and the planet. After all, without a healthy planet, no businesses and people can thrive.