H. Chi Hsu’s Post

REITs have gradually become an important part of China’s capital market since 2021. As policies have improved and market acceptance has grown, more and more real estate and infrastructure projects have been securitized through REITs, creating new opportunities across the industry. At the upcoming ULI GBA Annual Conference, experts from the Greater Bay Area will delve into the prospects of C-REITs, share industry best practices, and explore how C-REITs can be leveraged to achieve asset appreciation and market expansion. Whether you are an investor, developer, or professional interested in real estate finance, this is a discussion you cannot afford to miss. 📅 Date: September 3, 2024 📍 Venue: Shenzhen Nanshan Marriott Hotel 🔗 Register here: https://lnkd.in/guri_Vge Rui Hua Chang 丁力业 ESR Group SCPG Capital Company Limited Tim Wang Shenzhen Stock Exchange KPMG James Wong Ivan Ho CFA, LLM, MRICS Alan Beebe Stephanie Ng May Chow Gemma Haimes ULI China Mainland ULI Hong Kong #reits #logistic #retail #capital #market #gba

What recent developments are shaping Hong Kong's real estate landscape? Alex Barnes, Managing Director for Hong Kong, Macau, and Taiwan, explores emerging opportunities and current trends in the property market. His insights, featured in our latest "Market Outlook" episode, cover topics ranging from the revitalisation of existing properties to the potential in new sectors like electric vehicle charging infrastructure. #JLL #JLLHK #RealEstate Alex Barnes Ryan Wong Oscar Chan Wendy Chan （she/her) Jessica Chan Sam Gourlay Paul Yien Ken Tang C H Chung

An important milestone in the evolution and growth of the coveted MCR qualification, the standard bearer in the global corporate real estate & facility mgmt. profession. On we go! https://lnkd.in/en6EcbJe

TBP introduces its Reimagined City as part of its revolutionary global trade ecosystem. This ecosystem will create a neutral trading environment driven by a dynamic maritime route system and the establishment of neutral trade corridors, ports, and city infrastructure. The new ecosystem will allow global traders and service providers to operate freely on a common trade system within the corridor worldwide and outside any state trade regulations. In response to the ongoing trend of businesses downsizing and leaving urban areas, resulting in the decline of financial districts and downtowns threatening the $4.5 trillion office market sector globally, TBP aims to breathe new life into cities. We plan to transform them into TBP Neutral Multi-Commodities Trade Cities, offering temporary co-working spaces, trade outlets & exhibitions and residential spaces for millions of global traders and service providers coming to the city to trade or offer services. This initiative will restore vital business activity to cities and reinvigorate international trade worldwide. https://lnkd.in/eUpFMWDp #TBP #TBPworldvisionproject #reimaginedcity #trade #neutraltradecity #businessmobility #worldtradeorganisation #wto #internationaltrade #sustainablecity #businessdistricts #urbandoomloop #officespace #hybridworking

Avoid Dead Ends... North Point MTR station is on the Island Line, which connects the Eastern and Western points of Hong Kong Island in much the same way that Hong Kong connects East and West. For the city itself, this connector role was in evidence in the last couple of weeks through multiple events: the #HongKongCulturalSummit, #ArtBasel and #ArtCentral and of course the #HongKongSevens to name just a few. At DZ BANK AG's Hong Kong Branch we were proud once again to host the #DayonGermany that brought together German issuers like KfW, Rentenbank and #DeutscheFinanzagentur with a diverse group of Hong Kong financial institutions. All of these events have one thing in common - they connected people from various places with diverse interests to exchange ideas, pursue common interests and (very rarely, I'm sure) share a drink or two. And all of these events took place in #HongKong. So let's make sure we avoid dead ends and cherish a city that thrives on exchange, diverse viewpoints and openness to the world.

Wondering what our European summer is up to? Expect the EU FSR to heat things up: as intrepid MLex reporter Tono Gil Folgado (with Nicholas Hirst) deduces, deal-making may be in for a further chill with Finnish company Purmo Group (heating and cooling equipment) up for bids under the long shadow of the FSR. See (pay-walled) here: https://lnkd.in/eVZNZG99   What are Purmo's choices?   Stick to the initial bid from U.S.-based private equity firm Apollo Global Management, Inc., pursuing a majority stake in the company with Finnish family-owned holding company Rettig Ltd as the minority owner? Read about it here:   https://lnkd.in/ek4Mfd-n   Or, opt for today’s bid, by Chinese home appliances giant Haier, ready to pick up all of Purmo’s shares at a premium of 22.7% over the Apollo/Rettig offering. Read all about it here:   https://lnkd.in/erS3wFzy   Haier, of course, is Chinese (is or is not the FSR really all about countering Chinese government-sponsored binge shopping in Europe?) (spoiler: no) and already entangled in a pending FSR review re its acquisition of Carrier’s commercial refrigeration business. Apollo is a U.S.- based private equity – whether that is any better (also in light of the lower-value offer) is a question best not to be asked of German socialist Franz Müntefering (him of the Heuschrecken, viz. locusts); rather, when considering which way to go, at least with the FSR in mind, Purmo will “simply” have to consider whether Haier and/or Apollo are using state subsidies to expand in Europe.   Bit like Charis and Charybdis, Odysseus might muse, but certainly a first public taste of how the FSR may influence the choice between two takeover bids. Note the Purmo takeover follows the EU opening its first deal investigation under the FSR, assessing Emirates telecoms operator Etisalat’s (e&) plan to acquire large parts of rival PPF Telecom Group BV. Following my earlier LI post on that transaction, it has become apparent the probe questions the state guarantee from the UAE and loans from UAE-controlled banks help e& to bankroll that EUR2.2 deal, honing in on e&’s carve-out from the UAE’s bankruptcy laws and how that may have given the company a selective advantage in improving the terms of a deal-related loan. Selectivity is big no-no for EU State aid lawyers – it implies the state catered for something commercial (“normal”) folk don’t get. The point for Purmo being, the FSR sure needs to be taken very serious..     #competitionlaw #antitrust #fsr #subsidies #euregulations

Hong Kong, renowned as a pivotal link between Western and Eastern economies, has solidified its status as a premier hub for private wealth management and family offices. Supported by a conducive regulatory environment and the government's proactive initiatives, the city's family office sector is thriving. Ho-Pin, director and head of private office, Knight Frank Hong Kong adds that that “recent correction in luxury and commercial property prices in Hong Kong has opened up opportunities to acquire unique assets which has led to a rise in interest from family offices and private investors.” Discover more by delving into the Hong Kong edition of the “Rise of Super Wealth Hub Series” via the link here: https://okt.to/Yb4pUX. #APACWealth #HongKong

REITs have gradually become an important part of China’s capital market since 2021. As policies have improved and market acceptance has grown, more and more real estate and infrastructure projects have been securitized through REITs, creating new opportunities across the industry. At the upcoming ULI GBA Annual Conference, experts from the Greater Bay Area will delve into the prospects of C-REITs, share industry best practices, and explore how C-REITs can be leveraged to achieve asset appreciation and market expansion. Whether you are an investor, developer, or professional interested in real estate finance, this is a discussion you cannot afford to miss. 📅 Date: September 3, 2024 📍 Venue: Shenzhen Nanshan Marriott Hotel 🔗 Register here: https://lnkd.in/guri_Vge Rui Hua Chang 丁力业 ESR Group SCPG Capital Company Limited Shenzhen Stock Exchange KPMG ULI China Mainland ULI Hong Kong ULI Asia Pacific Urban Land Institute #reits #logistic #retail #capital #market #gba

This article highlights the resilience of Hong Kong's real estate market, despite challenges in sectors like office and retail. Recent end-user deals show confidence in quality assets despite market fluctuations. However, the limited representation of hotel and retail properties in major transactions, coupled with decreased industrial sector activity, suggests HK isn't out of the woods yet with more opportunisitic buys from 'motivated' sellers expected. Interest rate cuts - flagged by the US Federal Reserve for later this year - will offer some relief, however recent reports tend to indicate these will be later and less than originally expected when entering 2024. #HongKong #RealEstate #CRE #AssetInvestment

⚜️ An interesting Times article highlighting how London is bouncing back post pandemic ⚜️ My own belief is that London will always remain the Capital City of the World. 3 Simple reasons: ➡️ It's timeline for trading the markets ➡️ It's welcoming of international residents ➡️ It's rich history and culture Article: 🔴 https://lnkd.in/efnPV7gc