APREA 標誌

知識中心

過去幾年,企業經歷了一系列百年一遇的挑戰,迫使它們重新評估自身的運作方式。從新冠疫情到地緣政治動盪,這些挑戰表明,個人事件、活動和決策都會對整個價值鏈產生連鎖反應,甚至可能造成全球後果。.  

新冠疫情帶來的挑戰凸顯了「互惠互利」的真正意義和重要性。沒有人是一座孤島,任何企業也無法單打獨鬥。我們需要攜手合作才能蓬勃發展。有一點很明確:展望未來,墨守成規的商業模式已經過時。我們必須轉型為互惠互利的商業模式。. 



什麼是互惠商業模式?

「互惠互利」(Business as Mutual,簡稱 BAM)是 Link 面向未來的領導思維和管理工具,旨在透過與利害關係人的動態互動來實現長期的業務永續性。. 

BAM 將 Link 和其他利害關係人定位為一個生態系統,在這個生態系統中,所有利害關係人協調一致地努力解決共同的實質問題,而不是僅僅關注 Link 自身的問題。.

這種方法對於最大限度地創造價值和建立一個具有韌性的生態系統至關重要,在這個生態系統中,我們的企業、利害關係人和社區可以共同合作,解決共同的、重要的生態系統問題。. 

這不僅對Link有利,而且還有助於為所有利害關係人創造整個生態系統的共享價值,例如更好的經濟表現、環境韌性和社會包容性。.

我們在業務的各個方面都貫徹BAM方法,包括我們的永續發展策略。對於我們執行的任何專案或試圖解決的任何生態系統問題,我們都會積極與利害關係人互動合作,以豐富和完善我們的思考和決策。.

在 Link 整合 BAM

多年來,我們已在業務的多個領域實施了業務資產管理(BAM),以促進利害關係人生態系統的蓬勃發展。以下僅列舉幾個例子:

連結:一年一度的ESG利害關係人參與活動,旨在分享挑戰和解決方案
為安德森路採石場新建社區購物中心舉辦利害關係人參與研討會
食物天使組織的「我們聯繫,我們分享」計畫是「攜手共進倡議」旗下的一個計畫。

接下來是什麼?

隨著「新常態」環境下風險和機會的出現,以及更廣泛的社會期望的轉變,我們相信 BAM 將比以往任何時候都更加重要,有助於我們的利害關係人和合作夥伴實現長期的生態系統永續性。.

展望未來,Link 將繼續發展 BAM 方法,從加強 BAM 的內部治理到開發一系列工具、指標和方法來加速轉型。. 

aprea 圖示標誌

李關博士

永續發展與風險治理董事總經理
聯營資產管理股份有限公司

The Global Real Estate DEI Survey is the only corporate study of diversity, equity and inclusion (DEI) management practices and data benchmarking in the commercial real estate (CRE) industry.

This third iteration of the Global Real Estate DEI Survey is the result of the collaboration between six sponsoring associations NAREIM, NCREIF, PREA, REALPAC, ULI and Ferguson Partners, as well as 14 supporting associations AFIRE, AIA, APREA, AREF, BOMA, BPF, CFMA, CoreNet Global, CREFC, EPRA, NAIOP, OSCRE, PFA and RICS.

This is a summary report of high-level results providing a view of DEI metrics relating to:

  • DEI program structure, resources and ownership.
  • Policies focused on recruitment, retention and promotion, inclusive culture, tracking and accountability, and pay equity.
  • Employee demographics by gender and race/ethnicity, across seniority and job function, as well as DEI hiring, promotion and

departure trends year-over-year.

Survey participants receive a spreadsheet with full data, providing for an in-depth look and suitable for benchmarking DEI policies and achievements against peers.

The Global Real Estate DEI Survey Volume III represents 296,902 full-time real estate employees, $1.98 trillion of assets under management, and a cross-section of the commercial real estate industry in terms of size, region and business classification.

The Survey brings together participation from 216 unique organizations which provided 236 submissions detailing their DEI practices in North America (79.2% of respondents), Europe (11.9%) and Asia-Pacific (8.9%). Data was collected between July 17 and September 29, 2023.

新的一年伊始,亞太地區房地產產業正處於十字路口,既面臨2023年的挑戰,也寄望2024年強勁復甦。在最新一期的《亞太房地產市場快訊》中,我們採訪了產業領袖和專家,請他們就影響該地區未來發展的關鍵趨勢和策略考量發表見解。我們的問題圍繞著以下主題:

  1. 影響2024年的關鍵趨勢: 回顧過去一年各種不確定因素帶來的挑戰和機遇,我們將深入探討引領房地產市場走向復甦的關鍵趨勢。.
  2. 2024年投資組合配置: 隨著全球和區域經濟格局的不斷演變,建構投資組合已成為一項策略要務。我們將探討投資者如何規劃在亞太地區及世界其他地區的投資。我們將深入分析亞太地區的具體國家和產業,以揭示潛在的熱點和成長機會。.
  3. 主題指導策略: 除了直接的市場動態之外,我們還深入探討了與投資者在 2024 年的投資策略產生共鳴的整體主題。從對物流空間日益增長的需求到辦公大樓市場對優質物業的追求,我們的專家闡明了影響他們投資決策的主題因素。.
  4. 利用私人信貸機會: 鑑於經濟不確定性和高利率的陰影籠罩,私募信貸在投資領域的重要性日益凸顯。我們將探討投資人如何策略性地利用私募信貸機會,並在亞太地區探索新的資產類別。.

CBRE’s 2024 Asia Pacific Investor Intentions Survey was conducted in November and December 2023. Over 500 responses were received from participants who were asked a range of questions related to their buying intentions, perceived challenges and preferred strategies, sectors and markets for the coming year. 

The survey uncovered persistently weak buying intentions across Asia Pacific, with selling intentions hitting the highest mark since surveys began. Whilst the rate hike cycle has come to a halt in major global markets, investors are waiting for indications that the current repricing cycle has finished before deploying significant amounts of capital.

Investors in most markets (ex. Japan) will therefore continue to adopt a wait and see approach in H1 2024. However, amid growing expectations that the U.S. Federal Reserve will begin cutting rates in H2 2024, and Asia Pacific’s central banks following suit, commercial real estate investment activity should accelerate in the back half of the year.

其他主要發現:

  • Overall investment sentiment is at the expected level of CBRE’s in-house estimates. Despite similar net buying intentions, more than 40% of investors said they would dispose of more assets in 2024 to realise returns and repay debt. The strongest selling intentions were observed in Australia, Singapore and Hong Kong SAR.
  • The survey revealed that value-added investment strategies will gain momentum in 2024 as investors look to hit target returns in markets where negative carry continues to persist.
  • Residential assets (especially multifamily and built-to-rent) logged the strongest uptick in interest, particularly among investors considering value-add strategies. Industrial and offices are still the top property type among core investors.
  • Healthcare assets remain top of mind for investors looking at alternative assets. Real estate debt climbed to second place in this year’s survey, while a greater emphasis on the living sector (retirement living and student accommodation) was observed.
  • Japan retained its position as the most preferred market for cross-border investment for a fifth consecutive year. Singapore and Australia followed in second and third place, respectively. Investors remain attracted to highly liquid markets with stable income.
  • Just over 60% of investors, the bulk of which are private equity funds, real estate funds and REITs, intend to retrofit existing buildings to be more sustainable or ESG-compliant in 2024; a trend ensuring value-added strategies are their preferred approach.

本報告原刊登於 https://www.cbre.com/insights/reports/asia-pacific-investor-intentions-survey-2024

2024年實體資產格局的演變反映了在經歷了2023年的不確定性之後,市場呈現謹慎樂觀的態勢。從亞太地區穩定的周期性投資帶來的多元化機遇,到物流和辦公空間的關鍵性轉變,市場動態呈現出多元化的特徵。投資人正積極探索新經濟、養老地產和共享居住空間等成長產業,同時,私募信貸機會也在各個市場湧現。包括技術整合和永續發展措施在內的結構性變革,正在重塑需求趨勢。在全球經濟不確定性的背景下,策略靈活性和對成長型產業的關注將成為未來一年投資者的投資策略。.

高緯環球發布的《2024 年亞太辦公大樓展望》提供了澳洲、中國、印度、印尼、日本、韓國、馬來西亞、菲律賓、新加坡、泰國和越南等城市辦公大樓的供應、需求、空置率和租金資料預測。.

區域概覽

關鍵訊息:

  • 儘管通膨總體有所改善,但該地區大多數市場的通膨水準仍高於目標區間;預計利率將長期處於高位。.
  • 預計亞太地區經濟成長將在 2024 年放緩,但仍將保持正成長(實際年均成長率為 3.51 兆至 4.01 兆)。.
  • 儘管經濟前景疲軟,但預計區域辦公大樓需求將在 2024 年恢復到疫情前的水平——但高於平均水平的新供應將推高空置率。.
  • 預計2024年租金成長將保持平穩,然後從2025年開始緩慢加速。.
  • 鑑於市場對高品質建築的持續追求,新建的高品質建築可能會表現更佳。.

在經濟情勢動盪的背景下,亞太辦公大樓市場仍維持穩健成長。 2023年前九個月,亞太地區25大城市A級辦公大樓的吸收量約為5,000萬平方英尺(msf),預計第四季也將新增1,200萬平方英尺。 2023年全年辦公大樓需求量預估為6,200萬平方英尺,較去年的5,500萬平方英尺成長1,113兆美元。.

2023 年新增供應量將達到 109 百萬平方英尺,超過需求,導致空置率從 2022 年的 16.1% 上升至 17.6%。租金成長隨後放緩,加權平均而言可能會下降約 0.5%。.

前景整體偏向樂觀。預計2024年需求將增加至8,300萬平方英尺,2025年將增至8,700萬平方英尺,與疫情前水準持平。然而,預計未來兩年將有近2.35億平方英尺的新供應量湧入,這將進一步推高空置率,空置率預計將在2024年達到峰值184.1萬億平方英尺,並在2025年保持穩定。這將對租金構成下行壓力,預計2024年租金將保持平穩,處於區域加權平均水平,之後從2025年開始緩慢加速上漲。因此,短期內租戶仍有機會。.

試想一下-儘管印度約有43%的裝置容量來自再生能源,但燃煤火力發電仍貢獻了近75%的發電量。然而,印度正朝著其雄心勃勃的目標快速邁進,即到2030年實現50%的能源需求來自再生能源。.

政策推動力度強勁,一些知名房地產開發商已開始採取實際措施,朝著實現其ESG目標邁進。通常情況下,再生能源是實現ESG合規的第一步。.

透過世邦魏理仕印度公司首份再生能源報告,我們試圖解答以下問題及更多問題:

  • 印度再生能源的現況如何?
  • 中央和地方政府正在採取哪些政策措施來促進國內再生能源的普及應用?
  • 企業用戶在採用再生能源時面臨哪些常見挑戰,以及如何克服這些挑戰?
  • 企業可以選擇哪些不同的再生能源方案?他們如何才能獲得這些方案?
  • 印度領先的辦公大樓開發商如何與永續能源接軌?
  • 企業如何實現其再生能源目標?

本報告原刊登於 https://www.cbre.com/insights/reports/sustainable-energy-powering-india-s-offices

2023年對房地產市場而言尤其艱難。資產估值下跌的趨勢始於2022年下半年,並在許多市場蔓延至2023年剩餘時間,且波及範圍更廣。交易量也持續下滑,潛在買賣雙方在價格問題上僵持不下,導致交易常常停滯。.

投資人都希望2024年情況會有所好轉,屆時房價將觸底,市場活動也將恢復到較正常的水平。至於何時以及如何實現這一目標,目前尚不得而知。這或許是由於市場壓力增大,迫使賣家進入市場;又或許最終利率會開始下降,從而提振潛在買家的信心。無論具體何時以及如何達到這一目標,過去12到18個月來市場的劇烈波動已經改變了市場格局。投資者正在重新評估其房地產配置和投資策略,以降低重大風險,同時抓住市場動盪帶來的機會。.

過去十年,環境、社會和治理風險與金融風險之間的關聯性已日益凸顯。那麼,未來一年又將如何發展? MSCI 2024年永續發展與氣候趨勢展望報告(原《ESG與氣候趨勢展望報告》)匯集了我們全球研究團隊提出的關鍵問題,並提供深入的分析和獨特的見解,幫助投資者評估和應對未來的投資環境。.

本報告原刊登於 https://www.msci.com/research-and-insights/2024-sustainability-climate-trends-to-watch

In our 33rd edition of Main Streets Across the World, we explore the near-term outlook for the retail sector and headline rents and ranking changes for the best-in-class urban locations across the world. In addition, we will share key indicators and trends to watch, including the cost-of-living crunch and changes in e-commerce.  

As the world continues to emerge from the impacts of the global pandemic, prime retail destinations have continued their rebound, recording mostly positive rental growth over the past year.

  • Globally, rents rose by an average of 4.8% over the past 12 months, an increase over the 3.7% growth shown in the previous year.
  • Asia Pacific led the world in 2023 at 5.3%, which was a strong improvement on the 1.1% growth experienced the previous year.
  • Europe also accelerated from experiencing growth of 0.9% YOY in Q3 2022 to 4.2% YOY in Q3 2023, albeit this higher rate was driven by exceptional uplift in Türkiye (without which growth in Europe averaged 2.1% for the year).
  • U.S. slowed from 17.0% last year, which was driven by supportive fiscal policies, to a more sustainable 3.2%.