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Flexible workspaces in India grew at a CAGR of 38% from 2017 to 2019, with many local and global operators entering the space, led by increasedFlexible workspaces in India grew at a CAGR of 38% from 2017 to 2019, with many local and global operators entering the space, led by increaseddemand from corporate occupiers or enterprise clients. As of end-February 2021, the total flexible workspace stock stood at 30 million squarefeet (2.8 million square meters), across the top six Indian cities. Due to muted demand amid uncertain conditions, 2020 saw flexible workspaceoperators lease 2.9 million square feet (269,000 square meters) of space, down by 75.8% from 2019. This was about 8.5% of the total leasingrecorded across the top six cities. Bengaluru, Hyderabad and Mumbai accounted for the bulk of transactions as some operators expanded theirfootprints, mainly in decentralized locations. Further, deals totalling around 1.7 million square feet (158,000 square meters), which were precommittedor in the final stages, were cancelled across the top six cities.

As of March 2021, about 65% of the desks on offer are leased, across the top flexible workspace operators’ portfolios. Though the bulk of thisspace is occupied by established corporates as opposed to freelancers or start-ups, and we think there is still scope for enterprise clients to takeupmore flexible workspace as operators are offering attractive prices for large or multi-location deals. The leasing period is currently about oneto two years as firms look at flexible workspaces as a temporary solution to accommodate their workforce until they finalize their expansion andfootprints beyond 2023.

高力国际在其最新的 2021 年展望报告中预计,印度房地产的机构投资将从 2020 年的 3,460 亿印度卢比(48 亿美元)增长 14.6%,达到 3,960 亿印度卢比(55 亿美元)。相比之下,2020 年比 2019 年减少了 23%。高力国际认为,机构投资者继续看好办公楼、数据中心和仓库等印度房地产资产类别,他们正寻求部署现有的干粉。.

“印度的投资环境非常活跃,全球投资者对房地产资产的兴趣日益浓厚。全球利率处于历史低位,而印度的净收益率为正数,因此印度已成为房地产投资的首选目的地之一。此外,印度市场的韧性还体现在各个市场持续良好的住房销售业绩、对商业办公楼和工业园区的大量机构投资,以及过去六个月中两家房地产投资信托基金的上市。’

退休人口普查是澳大利亚养老社区运营商每年进行的一项数据收集工作。它涵盖受各州《养老社区法》管辖的养老社区,而不是其他形式的老年人居住场所。.
2020 年退休人口普查涵盖 2020 财年(2019 年 7 月至 2020 年 6 月)。自 2020 年 3 月以来,受新冠疫情影响,澳大利亚各行各业的企业都受到了政府针对运营、就业和服务提供的限制措施的严重冲击。参与退休人口普查完全出于自愿,这意味着每年参与的企业都会有所不同。因此,在与往年数据进行比较时,应考虑到这一点。.

如需查看人口普查数据,请点击下方链接:

The Development Bureau of the HKSAR Government recently announced a pilot scheme which standardizes land premium calculations for old industrial buildings undergoing redevelopment to other specific uses. We welcome the new scheme as it provides clarity for investment decisions, significant time and cost savings, and encourages more efficient land use to address social needs. Old industrial buildings that sits on Residential or Comprehensive Development Area (CDA) zoning will be most sought after following the implementation of the scheme.

机构资本回归和工业投资交易增加

机构投资者和房地产基金加快了对工业资产的收购步伐。事实上,上述19亿港元的交易全部被基金或机构投资者收购。2021年1月,活跃于大中华区的基金管理公司凯龙收购了荔枝角站附近的恒发工业大厦。该物业预计将被改建为新的工业办公楼。另一家泛亚基金管理公司丝路也收购了粉岭站附近的微笑中心,该中心目前已出租用作物流用途。与此同时,古德曼以5.7亿港元(约合7350万美元)的价格收购了观塘海能工业中心地下至四层,该中心拥有冷库设施。.

展望2021年,我们认为机构资本和基金将再次活跃起来。过去18个月由于市场不确定性而积压的收购需求,如今似乎有所缓解。与零售和办公楼市场相比,工业地产在租金和资本价值方面展现出较高的韧性和稳定性。与此同时,工业振兴计划2.0也为投资者提供了重建机会,一些投资者正着眼于放宽容积率限制,以期通过提高建筑面积比来提升投资回报率。.

Rajah & Tann 可持续发展业务部推出创刊号《可持续发展动态》,本期内容汇集了我们可持续发展合伙人与各行业专家就关键环境、社会和治理(ESG)发展趋势进行的深入对话。在本期中,我们可持续发展业务部的合伙人 Lee Weilin 和 Soh Lip San 将与亚洲基础设施协会(InfraAsia)执行董事 Seth Tan 探讨基础设施项目中的 ESG 问题,了解他对绿色可持续基础设施以及该地区可融资项目的 ESG 因素的看法。.


Rajah & Tann 可持续发展业务部推出创刊号《可持续发展动态》,本期内容汇集了我们可持续发展合伙人与各行业专家就关键环境、社会和治理(ESG)发展趋势进行的深入对话。在本期中,我们可持续发展业务部的合伙人 Lee Weilin 和 Soh Lip San 将与亚洲基础设施协会(InfraAsia)执行董事 Seth Tan 探讨基础设施项目中的 ESG 问题,了解他对绿色可持续基础设施以及该地区可融资项目的 ESG 因素的看法。.

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APREA倡导在实物资产行业采用ESG和可持续发展最佳实践。做出可持续的投资决策正日益成为APREA成员企业的核心价值观,APREA致力于引领向净零排放世界的转型。.


APREA倡导在实物资产行业采用ESG和可持续发展最佳实践。做出可持续的投资决策正日益成为APREA成员企业的核心价值观,APREA致力于引领向净零排放世界的转型。.

最近,APREA及其 环境、社会及公司治理和可持续发展委员会 开展了一项 ESG 会员调查,以了解实物资产公司对其 ESG 实施情况的看法。.

Data centers: Critical infrastructure for the global economy: Growth opportunities and operational challenges for fund managers
White paper by SS&C


The world is awash in data. By some estimates, humans generate 2.5 quintillion bytes of data every day. The volume of data in the world reportedly doubles every two years, and an estimated 90% of the world’s existing data was generated just in the past two years.

All that data needs places to live and work, which helps explain the rapid proliferation of data centers globally. At the end of 2019, there were more than 500 “hyperscale” data centers around the world, according to analyst firm Synergy Research, and the number continues to climb. Real estate services firm JLL estimates that, as of mid-2020, there were 63.4 million feet of data center square footage globally, and another 4.3 million under construction.

SS&C helps clients manage their investments by streamlining operations, reducing risk and improving client experiences and increased visibility. With over 500 Real Assets and Private Equity clients globally, representing over $754B in aets under administration, SS&C brings experience in servicing open and closed end real estate, infrastructure, hard asset, debt and hybrid funds, specializing in complex fund administration, middle-office & data services and virtual data room. Our technology enables and secures the flow of information, empowering our customers to work more productively and with complete confidence. We host the largest community of GPs and LPs anywhere with 240,000+ individuals, from 57,000+ endowments, foundations, pensions, consultants and advisors using Intralinks.

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无论发生什么,房地产投资者都需要具有创新精神和适应能力,制定与这些结构性变化相适应的投资策略。.

新冠疫情已将世界推入有史以来最动荡的时期之一。黄金价格屡创新高,股市波动剧烈,全球各国政府债券收益率依然低迷。然而,即便在这样的背景下,我们预测房地产投资仍将保持吸引力,这得益于其波动性低于其他资产类别、长期直接投资带来的丰厚回报历史,以及至关重要的——在全球601万亿只债券收益率低于11万亿,超过1万亿只债券收益率为负的情况下,房地产投资依然能够创造收益。.

对于服务业而言,国内辅助人员队伍的壮大将带动办公空间需求的增长。制造业、仓储业和服务业的本地化就业增长也将提升对其他类型房地产(包括住宅和医疗保健地产)的需求。此外,国际房地产投资也将迎来间接机遇。作为本地化程度提高的替代方案,跨境房地产投资能够提供全球多元化投资机会,并为实现收入目标提供更多选择。.

民族主义和贸易战的兴起早已初露端倪,而疫情导致的商业活动中断和海外旅行受限,只会加速这一趋势。这引发了关于“回流”(将海外业务迁回国内)、“在岸化”(将供应链转移到国内)和“近岸化”(将业务转移到离家更近的地方)的讨论。某些类型的房地产市场也将因此蓬勃发展。物流行业面临着额外的用工需求,这转化为更为强劲的投资需求。.