THIS ISSUE
Cover Story
Fe a t u r e
18
04
Will Japan’s REIT Share Buyback Trend
Run Out of Steam?
Abenomics has triggered share buybacks by J-REITs —
a move welcomed by fund managers and shareholders. But
what happens after the end of Quantitative Easing and are
buybacks a good use of capital?
Interview with Vicinity’s CEO
Grant Kelley
21
The US-China Trade War’s Impact on
China’s Real Estate
Chinese and U.S. firms operating in sectors subject to
tariffs occupy about 20% of Grade A office space in
mainland China. However, leasing remains unscathed.
CEO and Managing Director Grant Kelley talks about
strategies in the age of digital commerce, developing
mixed-use assets and starting a wholesale fund.
Column
09
24
Malaysian REITs Seek Support from
Mahathir’s Budget
Insights from a Proptech Hackathon
Competitors proposed solutions to tackle Hong Kong’s
land and housing shortage, retail mall operations and
China’s multi-family housing.
26
While industrial facilities are in demand,, the office,
retail and hotel sectors are in the doldrums.
Market
12
What is the Outlook for J-REITs
Going into 2019?
How the Real Estate Industry Can
Fight Climate Change
Australian and Japanese REITs are adopting solar
panels as core to their investment plans
Legislation
15
Asia’s Investment Research
Departments Shrink 70% on MIFID II
Asset management firms have cut down on brokerage
services and are organising client meetings and
roadshows using in-house investor relations teams.
28
Directory
Asia Pacific REITS by Country
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