Asset owners return to Asian real estate

Rising inflation and cheaper borrowing costs are leading institutions increasingly to view property as a safe haven, resulting in an expected rise in allocations to the asset class in Asia this year. “More institutional money is coming to real estate, or is available for real estate, both on the debt and the equity side,” says Paul Guest, Asia-Pacific head of research and strategy at LaSalle Investment Management. The firm’s parent, Jones Lang LaSalle, forecasts that direct inve…