“Cautious optimism” is the economic outlook from Asia, according to a survey conducted at MIPIM Asia last week by the Wisconsin School of Business in cooperation with HKUST Business School.
“The strong sense of optimism that we’ve seen in the last two years in Asia has been justified,” says François Ortalo-Magné, Albert O. Nicholas Dean of the Wisconsin School of Business, who presented the survey findings at the annual real estate and investment conference in Hong Kong, which is attended by 1,800 senior real estate executives, retailers, government officials and city administrators from 41 countries. This is the third annual investor survey led by Ortalo-Magné at this conference.
An obvious reflection of this optimism is the fact that more than half of the participants surveyed at the conference reported improved or at least the same level of business activity in the current quarter compared to the same quarter last year.
“China is the unavoidable market because of the scale and the performance of the economy,” says Ortalo-Magné.
Ortalo-Magné’s visit is part of the University of Wisconsin–Madison’s broader efforts at deepening relationships with government, business and education leaders in China. He accompanied Gilles Bousquet, dean of the Division of International Studies and vice provost for globalization, and Laurie Dennis, associate director of the Wisconsin China Initiative (WCI), to meetings in Hong Kong and Shanghai.
“The sense that I get each time I visit Asia is that the center of gravity in the world is moving here,” says Ortalo-Magné. Last November, he accompanied former UW–Madison Chancellor Biddy Martin and her delegation on a trip to Asia intended to strengthen academic relationships in the region and promote collaborative economic development.
Bousquet adds, “We are seeking to create a unique UW presence that is consistent with the Wisconsin Idea and highlights the strengths of our world-class university, matched to the needs in China.”
UW–Madison already has a variety of connections with many of the top Chinese universities, including the Hong Kong University of Science and Technology (HKUST).
HKUST Business School is among three of the world’s leading business schools (along with HEC Paris and INCAE-Costa Rica) in a ground-breaking partnership with the Wisconsin School of Business to offer the Global Real Estate Master (GREM) degree program. Joe Walsh, director of the program, joined Ortalo-Magné for part of his Asia trip.
“There is strong demand for high-level education in real estate in Asia,” says Walsh.
Ortalo-Magné and Walsh are working to expand the GREM program, which combines graduate-level instruction in economics, finance, and business administration at one of the partner schools with training in the principles of international real estate during a capstone semester at Wisconsin. They met with university officials, local real estate industry leaders and prospective students.
While in Hong Kong, Ortalo-Magné also addressed the American Chamber of Commerce and met officials with the Royal Institution of Chartered Surveyors (RICS), a prominent worldwide organization for professionals in property, land, construction and related environmental issues. Wisconsin’s BBA and MBA real estate degree programs have been accredited by RICS.
“When I hear this time referred to as the ‘Decade of the Pacific,’ it reinforces to me how much smaller our world is getting and in turn how important it is to have a global awareness in all we do,” says Ortalo-Magné.
-- by Kris Hammargren
Showing posts with label Asia. Show all posts
Showing posts with label Asia. Show all posts
Monday, November 28, 2011
Thursday, November 17, 2011
What opportunities are being sought out by Asian, European, and American investors? MIPIM Asia 2011
That was the question this morning for the panel at the wrap-up keynote at MIPIM Asia 2011. Discussion was led by Dean François Ortalo-Magné, with Yue Tang, attorney with Jun He Law Offices (China), and Dr. Megan Walters, head of research for Asia Pacific capital markets with Jones Lang LaSalle (Singapore).
Ortalo-Magné presented the results of the annual survey of conference participants, conducted by the Wisconsin School of Business in cooperation with HKUST Business School. The survey saw a justification of the optimistic outlook in Asia as reported at last year's conference, with more than half of participants reporting improved or at least the same level of business activity in the current quarter compared to the same quarter last year. "Cautious optimism" was a keyword for the future with two-thirds say they are more or as optimistic about the outlook than they were a year ago.
From Reed Midem:
Watch Part 1 of the wrap-up here. Visit mipimworld on youtube for Part 2-4.
Edited to add:
Ortalo-Magné presented the results of the annual survey of conference participants, conducted by the Wisconsin School of Business in cooperation with HKUST Business School. The survey saw a justification of the optimistic outlook in Asia as reported at last year's conference, with more than half of participants reporting improved or at least the same level of business activity in the current quarter compared to the same quarter last year. "Cautious optimism" was a keyword for the future with two-thirds say they are more or as optimistic about the outlook than they were a year ago.
From Reed Midem:
The expert panel also noted increasing investment opportunities for international companies targeting mainland China as legislation seeks to open up the market to a diverse range of development companies.
Watch Part 1 of the wrap-up here. Visit mipimworld on youtube for Part 2-4.
Edited to add:
Tuesday, November 15, 2011
MIPIM Asia: Macroeconomic outlook and implications
Wisconsin School of Business Dean François Ortalo-Magné is in Hong Kong this week for the annual real estate property and investment conference MIPIM Asia. He facilitated the opening keynote session today with Robert Ciemniak, global head of Thomson Reuters Real Estate Markets, and Yiping Huang, professor of economics at the China Center for Economic Research at Peking University. On Thursday, Dean Ortalo-Magné will deliver the wrap-up presentation "Where do Asian, European and American investors see opportunities in Asia today?"
Visit live.mipimworld.com for the full conference schedule and more highlights
His visit to Asia is also part of the University of Wisconsin–Madison's efforts to develop stronger ties with China. The dean will join Gilles Bousquet, dean of the Division of International Studies and vice provost for globalization, and Laurie Dennis, associate director of the Wisconsin China Initiative, for meetings in Hong Kong and Shanghai.
Also participating in MIPIM Asia is real estate faculty member Joe Walsh who also leads Wisconsin's Global Real Estate Master (GREM) program, an intensive graduate-level program which is partnered with three of the world's top business schools: HEC Paris, Hong Kong UST, and INCAE. While in Hong Kong, he is meeting local real estate industry leaders and prospective students. The Global Real Estate Master (GREM), which graduated its inaugural class in 2011, is a unique two-phase program that combines high-level instruction in economics, finance, and real estate finance at one of the partner schools with training in the principles of international real estate during a capstone semester at Wisconsin. The program is now accepting applications for the 2013 semester.
Visit live.mipimworld.com for the full conference schedule and more highlights
His visit to Asia is also part of the University of Wisconsin–Madison's efforts to develop stronger ties with China. The dean will join Gilles Bousquet, dean of the Division of International Studies and vice provost for globalization, and Laurie Dennis, associate director of the Wisconsin China Initiative, for meetings in Hong Kong and Shanghai.
Also participating in MIPIM Asia is real estate faculty member Joe Walsh who also leads Wisconsin's Global Real Estate Master (GREM) program, an intensive graduate-level program which is partnered with three of the world's top business schools: HEC Paris, Hong Kong UST, and INCAE. While in Hong Kong, he is meeting local real estate industry leaders and prospective students. The Global Real Estate Master (GREM), which graduated its inaugural class in 2011, is a unique two-phase program that combines high-level instruction in economics, finance, and real estate finance at one of the partner schools with training in the principles of international real estate during a capstone semester at Wisconsin. The program is now accepting applications for the 2013 semester.
Wednesday, March 9, 2011
Diversifying in Asia: MIPIM 2011
Inter-regional capital flows have recovered in the Asia Pacific area said a panel of investors and researchers on the Tuesday MIPIM panel "Asian Capital: regional plans, global ambitions." After the downturn in 2008 and 2009, transaction volume in the real estate market has seen an upturn in the year 2010.
Corporate pension funds have invested heavily in the real estate sector while the government invested pension, which is one of the largest pension funds in the world, is pretty conservative in the market. Compared with Japan, Korean institutional investors are very active both in the domestic market and the global market. Diversifying their portfolio beyond their home markets is a priority; they have invested in mature markets such as London, Frankfurt and Paris.
Corporate pension funds have invested heavily in the real estate sector while the government invested pension, which is one of the largest pension funds in the world, is pretty conservative in the market. Compared with Japan, Korean institutional investors are very active both in the domestic market and the global market. Diversifying their portfolio beyond their home markets is a priority; they have invested in mature markets such as London, Frankfurt and Paris.
Friday, November 12, 2010
Wednesday, November 10, 2010
MIPIM Asia 2010: Keywords redevelopment and sustainability
Wisconsin Real Estate is participating in MIPIM Asia 2010 this week in Hong Kong. In the first day of the conference, keywords that have already emerged are "redevelopment" and "sustainability."
Asia as a whole offers attractive investment opportunities and returns in a global economy still in recovery. Growing urban areas in China and other countries are ripe for redevelopment to meet the needs of the 21st century with an emphasis on green building techniques and "livability."
China remains the primary magnet for capital in the region with second tier cities commanding more attention as top tier cities heat up. Other markets also attracting interest include Vietnam, Singapore and Tokyo.
The U.S. economy has not been a top topic of conversation so far. However Nobel laureate in economics Professor Joseph Stiglitz is due to deliver a morning keynote address on Thursday on his thoughts on the U.S. and global economies and the outlook for recovery.
Wisconsin Real Estate is at the show conducting a survey of conference participants' investment targets and concerns and their opinions on investment prospects over the next 2-3 years. Results of the survey will be presented by Professor Francois Ortalo-Magne at the wrap-up keynote on Friday along with Nick Axford, CBRE Hong Kong.
Asia as a whole offers attractive investment opportunities and returns in a global economy still in recovery. Growing urban areas in China and other countries are ripe for redevelopment to meet the needs of the 21st century with an emphasis on green building techniques and "livability."
China remains the primary magnet for capital in the region with second tier cities commanding more attention as top tier cities heat up. Other markets also attracting interest include Vietnam, Singapore and Tokyo.
The U.S. economy has not been a top topic of conversation so far. However Nobel laureate in economics Professor Joseph Stiglitz is due to deliver a morning keynote address on Thursday on his thoughts on the U.S. and global economies and the outlook for recovery.
Wisconsin Real Estate is at the show conducting a survey of conference participants' investment targets and concerns and their opinions on investment prospects over the next 2-3 years. Results of the survey will be presented by Professor Francois Ortalo-Magne at the wrap-up keynote on Friday along with Nick Axford, CBRE Hong Kong.
Tuesday, March 16, 2010
MIPIM 2010: 3 ways that foreign investors can enter Chinese market
Wisconsin Real Estate MBAs report from MIPIM 2010:
Tuesday March 16
Panel: China - Expansion Rhymes with Challenges
As fears of a real estate bubble approached in the last two years, the central government of China tightened rules for foreign investment in real estate and the increased proportion of domestic to foreign investors reflects that. There are currently three ways that foreign investors can enter the market: (1) through direct investment by establishing a real estate development subsidiary; (2) through the merger and acquisition of equity of an existing Chinese real estate developer; and (3) (most popular) through the merger and acquisition of real property developed by a Chinese real estate developer.
The future of commercial real estate in China looks promising for at least the next 5 to 10 years, but the Chinese government remains the biggest determinant of how that future will roll out.
For more coverage of MIPIM 2010, visit our partner CREOpoint.com.
Tuesday March 16
Panel: China - Expansion Rhymes with Challenges
As fears of a real estate bubble approached in the last two years, the central government of China tightened rules for foreign investment in real estate and the increased proportion of domestic to foreign investors reflects that. There are currently three ways that foreign investors can enter the market: (1) through direct investment by establishing a real estate development subsidiary; (2) through the merger and acquisition of equity of an existing Chinese real estate developer; and (3) (most popular) through the merger and acquisition of real property developed by a Chinese real estate developer.
The future of commercial real estate in China looks promising for at least the next 5 to 10 years, but the Chinese government remains the biggest determinant of how that future will roll out.
For more coverage of MIPIM 2010, visit our partner CREOpoint.com.
MIPIM 2010: Diversity of markets and opportunities in Asia
Wisconsin Real Estate MBAs report from MIPIM 2010:
Tuesday March 16
Panel: Trends in Asian Pacific Property Markets
Distinctive real estate markets exist in Asia Pacific—from advanced Japan, sophisticated Korea to central Singapore and nascent Vietnam—offering a diversity of investment opportunities and portfolio options. Japanese assets in an Asian portfolio can offer stability and value due to re-pricing over the last two years. A relative newcomer to international investment, Korea’s experience in the Asian crisis of the 90’s left the country largely unexposed to the current financial crisis. Singapore was not so fortunate, but large-scale government intervention as well as the private sector’s trust in the economic fundamentals has led to an early bounce-back. Real estate development in Vietnam is “still in its infancy,” but increased tourism and changing cultural patterns are driving demand for hotel and residential properties.
For more coverage of MIPIM 2010, visit our partner CREOpoint.com.
Tuesday March 16
Panel: Trends in Asian Pacific Property Markets
Distinctive real estate markets exist in Asia Pacific—from advanced Japan, sophisticated Korea to central Singapore and nascent Vietnam—offering a diversity of investment opportunities and portfolio options. Japanese assets in an Asian portfolio can offer stability and value due to re-pricing over the last two years. A relative newcomer to international investment, Korea’s experience in the Asian crisis of the 90’s left the country largely unexposed to the current financial crisis. Singapore was not so fortunate, but large-scale government intervention as well as the private sector’s trust in the economic fundamentals has led to an early bounce-back. Real estate development in Vietnam is “still in its infancy,” but increased tourism and changing cultural patterns are driving demand for hotel and residential properties.
For more coverage of MIPIM 2010, visit our partner CREOpoint.com.
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