INSUBCONTINENT EXCLUSIVE:
15% capital appreciation in the past 12 months, surpassing the performance of the BSE Realty Index, which witnessed a correction during the
same period.The study highlighted that India and China remain the key growth engines for the Asia REIT market in 2024, even as mature
markets like Japan, Singapore, and Hong Kong trend towards stabilization
Executive Managing Director, Valuations and Co-Head, Capital Markets, India at Cushman & Wakefield.Global capability centres power leasing
momentumA key driver behind this robust performance has been the surging leasing demand from Global Capability Centres (GCCs), which
increasingly prefer institutional-grade office spaces offered by REITs
landscape comprises three office REITs and one retail REIT, collectively managing over 105 million sq ft of operational space, with plans to
add another 23 million sq ft under development
multinationals, BFSI firms, and engineering sectors.Catherine Chen, Director, Investor Client Intelligence & Insights, Asia Pacific at
office REIT by the end of 2025
fastest growing REIT marketsWhile mature markets like Japan, Singapore, and Hong Kong are focusing on operational efficiencies amidst global
This growth is underpinned by strong economic fundamentals, increasing foreign investor interest, and rising demand for premium office
spaces.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own
These do not represent the views of the Economic Times)
