Public Equity
Private Equity
Private Debt
Public Debt
OPPORTUNISTIC: Investments in markets with potential distressed opportunities will have a greater chance of succeeding in the current environment.
CORE: Consider looking for stable returns in the short-to-medium term, particularly prime logistics assets in low vacancy markets, and also data centres in developed markets with long WALE and high credit.
VALUE ADDED: Hotels and underperforming office assets in markets with strong prospects for income growth will provide the most attractive opportunities, along with older multifamily developments in Japan, build-to-rent in Australia and brown field logistics.
Private Equity
CORE: Invest in active REITs backed by stabilised assets, such as J-REITs deploying capital into the office and multifamily sectors. Consider the Singapore and Hong Kong SAR REIT market for dividend returns, and Australia and Japan for total returns.
OPPORTUNISTIC: Capture value between public and private markets, particularly in Australia. However, the window of opportunity will be short.
Public Equity
CORE: Although capital deployment by private debt funds is slow, investor demand remains high as interest rates peak. Investors should target long-term steady returns rather than shorter term volatility; an approach that will suit long-term strategy investors such as pension funds.
OPPORTUNISTIC: In cases involving distressed borrowers amid asset repricing, formulating debt restructuring plans is a more feasible solution than taking the underlying property.
Private Debt
CORE: Investors are advised to invest in bonds that are backed by stabilised assets rather than development projects. Assets with stable rental income and occupancy are better placed to provide sufficient cash flow to service debt.
OPPORTUNISTIC: Investors awaiting a rebound in mainland Chinese property bonds as government support kicks in are recommended to target non-performing loans.
Public Debt
Public Equity
Private Equity
Public Debt
Private Debt