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PR Newswire
17-06-2014, 09:23 AM
It seems the "doom" story of China property, was disregarded by UBS. May be the "doom" is mainly on residential property, rather than commercial ones.
UBS plans China property expansion with move into commercial assets
SYDNEY — UBS, Switzerland’s biggest bank whose largest shareholder is Singapore’s GIC, is planning to expand its Chinese property investment business with a move into commercial real estate.
Office, retail and industrial properties are where investor demand is certainly moving to in China, said Mr Trevor Cooke, head of global real estate for Asia-Pacific at UBS Global Asset Management. “The stock of investment grade assets in China is growing at about 35 per cent per year,” he said in an interview in Sydney.
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http://www.todayonline.com/chinaindia/ch...ial-assets
UBS plans China property expansion with move into commercial assets
SYDNEY — UBS, Switzerland’s biggest bank whose largest shareholder is Singapore’s GIC, is planning to expand its Chinese property investment business with a move into commercial real estate.
Office, retail and industrial properties are where investor demand is certainly moving to in China, said Mr Trevor Cooke, head of global real estate for Asia-Pacific at UBS Global Asset Management. “The stock of investment grade assets in China is growing at about 35 per cent per year,” he said in an interview in Sydney.
...
http://www.todayonline.com/chinaindia/ch...ial-assets
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