Thailand has moved quicker than expected on a new framework for real estate investment trusts that brings the market more in line with international rules.
The US real-estate investment firm has until now been involved only in relatively developed Asian markets, but it sees opportunities arising in countries such as India.
Real estate investment trusts are to be governed by the same rules on mergers, securities and futures as listed companies, under a new proposal from Hong Kong's Securities and Futures Commission.
MacarthurCook Industrial Reit raises $155.5 million in new capital, including a $15.8 million investment by AMP and a $111 million rights issue. Separately, AMP Capital hires Anthony Fasso to head its international business.
New rules on real estate investment trusts (Reits) in the Philippines mandate the securities regulator to oversee both Reit managers and their underlying property managers.