{"id":255134,"date":"2021-10-28T21:09:12","date_gmt":"2021-10-28T13:09:12","guid":{"rendered":"https:\/\/www.mingtiandi.com\/?p=255134"},"modified":"2022-08-15T14:43:02","modified_gmt":"2022-08-15T06:43:02","slug":"sc-capital-perri-projects-jll-and-rca-on-australian-offices","status":"publish","type":"post","link":"https:\/\/www.mingtiandi.com\/real-estate\/events\/sc-capital-perri-projects-jll-and-rca-on-australian-offices\/","title":{"rendered":"SC Capital, JLL, RCA, Perri Predict Office Upswing as Australia Opens Up: MTD TV"},"content":{"rendered":"<div class=\"container-lazyload container-vimeo js-lazyload--not-loaded\"><a href=\"https:\/\/player.vimeo.com\/video\/639826297?h=fb802dc604\" id=\"639826297\" class=\"lazy-load-vimeo preview-lazyload preview-vimeo\" data-video-thumbnail=\"https:\/\/i.vimeocdn.com\/video\/1286836701-d4e145563a5128aba1cd9447475b283cf7db2a50f7d57070c_295x166\" data-video-title=\"Mingtiandi Office Strategies Forum 2021: Asian Capital &amp; Australian Offices\" title=\"Play video &quot;Mingtiandi Office Strategies Forum 2021: Asian Capital &amp; Australian Offices&quot;\">https:\/\/player.vimeo.com\/video\/639826297?h=fb802dc604<\/a><noscript>Video can&#8217;t be loaded because JavaScript is disabled: <a href=\"https:\/\/player.vimeo.com\/video\/639826297?h=fb802dc604\" title=\"Mingtiandi Office Strategies Forum 2021: Asian Capital &amp; Australian Offices\">Mingtiandi Office Strategies Forum 2021: Asian Capital &amp; Australian Offices (https:\/\/player.vimeo.com\/video\/639826297?h=fb802dc604)<\/a><\/noscript><\/div>\n<p>Asian capital has played a sustaining role in Australia\u2019s real estate market during the lengthy period of COVID-19 lockdowns and closed borders, and APAC-sourced investment is poised to accelerate once the country opens up to the world next week, according to a panel of experts in the latest segment of Mingtiandi\u2019s Office Strategies Forum.<\/p>\n<p>For Thursday\u2019s one-hour session on MTD TV, which was sponsored by Yardi, Mingtiandi founder Michael Cole welcomed speakers from real estate investment firm SC Capital Partners, property consultancy JLL, data provider Real Capital Analytics and Australian developer Perri Projects for a wide-ranging chat about Asian investors\u2019 growing role in the office sector Down Under.<\/p>\n<p class=\"p1\" style=\"text-align: center;\"><a data-no-instant=\"1\" href=\"https:\/\/ad.doubleclick.net\/ddm\/trackclk\/N6563.3378992MINGTIANDI\/B30546704.375324595;dc_trk_aid=566156183;dc_trk_cid=192150727;dc_lat=;dc_rdid=;tag_for_child_directed_treatment=;tfua=;ltd=;dc_tdv=1\" rel=\"noopener\" class=\"adv-link\" target=\"_blank\" aria-label=\"Copy of APAC_EN_Capabilities_Static_StandoutAPAC_780x250_Real Estate\"><img decoding=\"async\" src=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/10\/Copy-of-APAC_EN_Capabilities_Static_StandoutAPAC_780x250_Real-Estate.jpg\" alt=\"\"  srcset=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/10\/Copy-of-APAC_EN_Capabilities_Static_StandoutAPAC_780x250_Real-Estate.jpg 780w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/10\/Copy-of-APAC_EN_Capabilities_Static_StandoutAPAC_780x250_Real-Estate-400x128.jpg 400w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/10\/Copy-of-APAC_EN_Capabilities_Static_StandoutAPAC_780x250_Real-Estate-640x205.jpg 640w\" sizes=\"(max-width: 780px) 100vw, 780px\" width=\"780\" height=\"250\"   \/><\/a><script language='JavaScript1.1' src=\"https:\/\/ad.doubleclick.net\/ddm\/trackimpj\/N6563.3378992MINGTIANDI\/B30546704.375324595;dc_trk_aid=566156183;dc_trk_cid=192150727;ord=+ Date.now();dc_lat=;dc_rdid=;tag_for_child_directed_treatment=;tfua=;gdpr=${GDPR};gdpr_consent=${GDPR_CONSENT_755};ltd=;dc_tdv=1?\" attributionsrc ><\/script><\/p>\n<p>Representing RCA, which opened a Sydney office earlier this year, managing director David Green-Morgan predicted that Asian capital would represent more than half of foreign investment into Australian real estate for 2021.<\/p>\n<p>\u201cInterestingly, on a proportional basis, the overseas capital was stronger last year in Australia than it has been this year,\u201d Green-Morgan said. \u201cBut on a dollar basis, obviously, the amount of money being spent is much higher this year.\u201d<\/p>\n<h3>Singapore, Korea Flex Muscle<\/h3>\n<p>Singaporean capital has been especially active in Australia\u2019s office segment, including with AIMS APAC REIT agreeing <a href=\"https:\/\/www.mingtiandi.com\/real-estate\/finance-real-estate\/aims-apac-reit-buying-woolworths-sydney-hq-for-335m\/\">to purchase retailer Woolworths\u2019 Sydney headquarters<\/a> for $335.4 million last month, while South Korea also made a big splash with its National Pension Service\u2019s <a href=\"https:\/\/www.mingtiandi.com\/real-estate\/finance-real-estate\/koreas-nps-buys-melbourne-quarter-tower-from-lendlease\/\">acquisition of Lendlease\u2019s Melbourne Quarter Tower<\/a> for $900 million in July.<\/p>\n\n\t\t<style type=\"text\/css\">\n\t\t\t#gallery-1 {\n\t\t\t\tmargin: auto;\n\t\t\t}\n\t\t\t#gallery-1 .gallery-item {\n\t\t\t\tfloat: left;\n\t\t\t\tmargin-top: 10px;\n\t\t\t\ttext-align: center;\n\t\t\t\twidth: 25%;\n\t\t\t}\n\t\t\t#gallery-1 img {\n\t\t\t\tborder: 2px solid #cfcfcf;\n\t\t\t}\n\t\t\t#gallery-1 .gallery-caption {\n\t\t\t\tmargin-left: 0;\n\t\t\t}\n\t\t\t\/* see gallery_shortcode() in wp-includes\/media.php *\/\n\t\t<\/style>\n\t\t<div data-carousel-extra='{\"blog_id\":1,\"permalink\":\"https:\\\/\\\/www.mingtiandi.com\\\/real-estate\\\/events\\\/sc-capital-perri-projects-jll-and-rca-on-australian-offices\\\/\"}' id='gallery-1' class='gallery galleryid-255134 gallery-columns-4 gallery-size-thumbnail'><dl class='gallery-item'>\n\t\t\t<dt class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/www.mingtiandi.com\/real-estate\/events\/join-the-mingtiandi-office-strategies-forum-2021\/attachment\/andrew-heithersay-resized\/'><img decoding=\"async\" data-attachment-id=\"249780\" data-orig-file=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/02\/Andrew-Heithersay-resized-e1633333035129.jpg\" data-orig-size=\"641,641\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;,&quot;keywords&quot;:&quot;Array&quot;}\" data-image-title=\"Andrew Heithersay, Managing Director and Partner, SC Capital\" data-image-description=\"\" data-medium-file=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/02\/Andrew-Heithersay-resized-e1633333035129-400x400.jpg\" data-large-file=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/02\/Andrew-Heithersay-resized-e1633333035129.jpg\" width=\"150\" height=\"150\" src=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/02\/Andrew-Heithersay-resized-e1633333035129-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"Andrew Heithersay, Managing Director and Partner, SC Capital\" aria-describedby=\"gallery-1-249780\" srcset=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/02\/Andrew-Heithersay-resized-e1633333035129-150x150.jpg 150w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/02\/Andrew-Heithersay-resized-e1633333035129-400x400.jpg 400w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/02\/Andrew-Heithersay-resized-e1633333035129-90x90.jpg 90w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/02\/Andrew-Heithersay-resized-e1633333035129-70x70.jpg 70w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/02\/Andrew-Heithersay-resized-e1633333035129-420x420.jpg 420w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/02\/Andrew-Heithersay-resized-e1633333035129-250x250.jpg 250w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/02\/Andrew-Heithersay-resized-e1633333035129.jpg 641w\" sizes=\"(max-width: 150px) 100vw, 150px\" \/><\/a>\n\t\t\t<\/dt>\n\t\t\t\t<dd class='wp-caption-text gallery-caption' id='gallery-1-249780'>\n\t\t\t\tAndrew Heithersay, Managing Director and Partner, SC Capital\n\t\t\t\t<\/dd><\/dl><dl class='gallery-item'>\n\t\t\t<dt class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/www.mingtiandi.com\/real-estate\/events\/join-the-mingtiandi-office-strategies-forum-2021\/attachment\/fergal-harris-jll\/'><img decoding=\"async\" data-attachment-id=\"254307\" data-orig-file=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/02\/Fergal-Harris-JLL-e1634614659145.jpg\" data-orig-size=\"527,517\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;,&quot;keywords&quot;:&quot;Array&quot;}\" data-image-title=\"Fergal Harris, Head of Capital Markets, Australia, JLL\" data-image-description=\"\" data-medium-file=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/02\/Fergal-Harris-JLL-e1634614659145-400x392.jpg\" data-large-file=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/02\/Fergal-Harris-JLL-e1634614659145.jpg\" width=\"150\" height=\"150\" src=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/02\/Fergal-Harris-JLL-e1634614659145-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"Fergal Harris, Head of Capital Markets, Australia, JLL\" aria-describedby=\"gallery-1-254307\" srcset=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/02\/Fergal-Harris-JLL-e1634614659145-150x150.jpg 150w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/02\/Fergal-Harris-JLL-e1634614659145-90x90.jpg 90w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/02\/Fergal-Harris-JLL-e1634614659145-420x420.jpg 420w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/02\/Fergal-Harris-JLL-e1634614659145-250x250.jpg 250w\" sizes=\"(max-width: 150px) 100vw, 150px\" \/><\/a>\n\t\t\t<\/dt>\n\t\t\t\t<dd class='wp-caption-text gallery-caption' id='gallery-1-254307'>\n\t\t\t\tFergal Harris, Head of Capital Markets, Australia, JLL\n\t\t\t\t<\/dd><\/dl><dl class='gallery-item'>\n\t\t\t<dt class='gallery-icon portrait'>\n\t\t\t\t<a href='https:\/\/www.mingtiandi.com\/real-estate\/events\/join-the-mingtiandi-office-strategies-forum-2021\/attachment\/david-scalzo-cropped\/'><img decoding=\"async\" data-attachment-id=\"254457\" data-orig-file=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/02\/David-Scalzo-Cropped.jpg\" data-orig-size=\"780,796\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;,&quot;keywords&quot;:&quot;Array&quot;}\" data-image-title=\"David Scalzo, Managing Director, Perri Projects\" data-image-description=\"\" data-medium-file=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/02\/David-Scalzo-Cropped-392x400.jpg\" data-large-file=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/02\/David-Scalzo-Cropped.jpg\" width=\"150\" height=\"150\" src=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/02\/David-Scalzo-Cropped-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"David Scalzo, Managing Director, Perri Projects\" aria-describedby=\"gallery-1-254457\" srcset=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/02\/David-Scalzo-Cropped-150x150.jpg 150w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/02\/David-Scalzo-Cropped-90x90.jpg 90w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/02\/David-Scalzo-Cropped-640x640.jpg 640w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/02\/David-Scalzo-Cropped-420x420.jpg 420w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/02\/David-Scalzo-Cropped-250x250.jpg 250w\" sizes=\"(max-width: 150px) 100vw, 150px\" \/><\/a>\n\t\t\t<\/dt>\n\t\t\t\t<dd class='wp-caption-text gallery-caption' id='gallery-1-254457'>\n\t\t\t\tDavid Scalzo, Managing Director, Perri Projects\n\t\t\t\t<\/dd><\/dl><dl class='gallery-item'>\n\t\t\t<dt class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/www.mingtiandi.com\/real-estate\/people\/asia-real-estate-people-in-the-news-2017-11-06\/attachment\/david-green-morgan\/'><img decoding=\"async\" data-attachment-id=\"28576\" data-orig-file=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2017\/11\/David-Green-Morgan-e1645966285410.jpg\" data-orig-size=\"400,378\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;,&quot;keywords&quot;:&quot;Array&quot;}\" data-image-title=\"David Green-Morgan RCA\" data-image-description=\"\" data-medium-file=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2017\/11\/David-Green-Morgan-e1645966285410.jpg\" data-large-file=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2017\/11\/David-Green-Morgan-e1645966285410.jpg\" width=\"150\" height=\"150\" src=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2017\/11\/David-Green-Morgan-e1645966285410-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"David Green-Morgan RCA\" aria-describedby=\"gallery-1-28576\" srcset=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2017\/11\/David-Green-Morgan-e1645966285410-150x150.jpg 150w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2017\/11\/David-Green-Morgan-e1645966285410-90x90.jpg 90w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2017\/11\/David-Green-Morgan-e1645966285410-250x250.jpg 250w\" sizes=\"(max-width: 150px) 100vw, 150px\" \/><\/a>\n\t\t\t<\/dt>\n\t\t\t\t<dd class='wp-caption-text gallery-caption' id='gallery-1-28576'>\n\t\t\t\tDavid Green-Morgan, Global Head of Real Assets Research, MSCI\n\t\t\t\t<\/dd><\/dl><br style=\"clear: both\" \/>\n\t\t<\/div>\n\n<p>Green-Morgan allowed that Australia\u2019s COVID response may have dampened domestic investors\u2019 optimism, effectively amplifying the impact of external capital.<\/p>\n<p>\u201cEach country kind of went into the pandemic at a different stage, and the recovery has been at different speeds,\u201d he said. \u201cMaybe last year as Asia was recovering, and Australia was going into the lockdown, the capital was taking a slightly more contrarian view, and I think we saw a bit of a pullback by the domestic groups. And given the weight of capital that everybody has talked about, it doesn&#8217;t need much of a pullback by the domestic groups in Australia for the overseas capital to take advantage of some of the opportunities.\u201d<\/p>\n<p>Andrew Heithersay, a managing director, partner and investment committee member at Singapore-based SC Capital, relocated to his native Australia in May after a long stay in Asia stretching back to the 1990s. On MTD TV, he was quick to talk up the appeal to investors of office assets in his home patch.<\/p>\n<p class=\"p1\" style=\"text-align: center;\"><a data-no-instant=\"1\" href=\"https:\/\/www.mingtiandi.com\/real-estate\/events\/oxford-ivanhoe-kic-savills-on-singapore-india-markets\/\" rel=\"noopener\" class=\"adv-link\" target=\"_blank\" aria-label=\"14 NOVEMBER 2023 conrad centennial Singapore\"><img decoding=\"async\" src=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/11\/14-NOVEMBER-2023-conrad-centennial-Singapore.jpg\" alt=\"\"  srcset=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/11\/14-NOVEMBER-2023-conrad-centennial-Singapore.jpg 780w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/11\/14-NOVEMBER-2023-conrad-centennial-Singapore-400x128.jpg 400w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/11\/14-NOVEMBER-2023-conrad-centennial-Singapore-640x205.jpg 640w\" sizes=\"(max-width: 780px) 100vw, 780px\" width=\"780\" height=\"250\"   \/><\/a><\/p>\n<p>\u201cIn Australia there is still a relative yield premium over other Asian cities, so I think there are probably a couple of key drivers,\u201d Heithersay said. \u201cJust the sheer weight of capital trying to find-high quality assets in a stable environment, and Australia does enjoy legal transparency, political stability, long-term growth, and all of those ingredients create an interesting, long-term investment destination.\u201d<\/p>\n<p>Heithersay has managed investments in office assets in Melbourne, Canberra and Sydney on behalf of SC Capital\u2019s core-plus and opportunistic funds, including <a href=\"https:\/\/www.mingtiandi.com\/real-estate\/outbound-investment\/sc-capital-buys-aussie-office-from-blackrock-for-a127m\/\">buying 2 Elizabeth Plaza in North Sydney from BlackRock<\/a> last year. After his firm began this year with five completely vacant office buildings undergoing refurbishment, two of the buildings are now 100 percent full and another two are 65 percent occupied.<\/p>\n<p>\u201cI think you just have to adapt to the market situation, hit the mark on incentives \u2014 speculative fit-outs to the smaller tenants have been extremely attractive,\u201d Heithersay said. \u201cSo you really just have to be adaptive to the market conditions and the demand is there.\u201d<\/p>\n<h3>Pandemic\u2019s End in Sight<\/h3>\n<p>Fergal Harris, who leads capital markets for JLL Australia, echoed Heithersay\u2019s appraisal of the commonwealth as an attractive market for Asia-based investors, particularly mid-sized players.<\/p>\n<p>\u201cIt\u2019s easier for Asian capital to come in and transact in around A$200 to A$300 million, where in previous years of volume in the CBD (asset prices) would have been going north of that,\u201d Harris said in comparing investment during the pandemic to previous years, when assets were achieving higher pricepoints. He added that, \u201cSo we think that trend continues, and we think that that is clearly very attractive for global capital looking at that arbitrage between yield and the risk-free rate on top of the low cost of debt capital.\u201d<\/p>\n<p class=\"p1\" style=\"text-align: center;\"><a data-no-instant=\"1\" href=\"https:\/\/www.mipim-asia.com\/?utm_source=mingtiandi&#038;utm_medium=barter_website&#038;utm_campaign=mipimasia2023\" rel=\"noopener\" class=\"adv-link\" target=\"_blank\" aria-label=\"AR-607487_Mipim Asia_23_Banner Resize 780&#215;250\"><img decoding=\"async\" src=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/10\/AR-607487_Mipim-Asia_23_Banner-Resize-780x250-1.jpg\" alt=\"\"  srcset=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/10\/AR-607487_Mipim-Asia_23_Banner-Resize-780x250-1.jpg 780w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/10\/AR-607487_Mipim-Asia_23_Banner-Resize-780x250-1-400x128.jpg 400w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/10\/AR-607487_Mipim-Asia_23_Banner-Resize-780x250-1-640x205.jpg 640w\" sizes=\"(max-width: 780px) 100vw, 780px\" width=\"780\" height=\"250\"   \/><\/a><\/p>\n<p>Investors dealing with JLL are starting to look past COVID with the conviction that the crisis will end soon. \u201cIt went on obviously longer than we anticipated, but with the borders opening on the first of November to international arrivals, internal borders opening shortly thereafter, I think we&#8217;re starting to see the confidence return,\u201d Harris said.<\/p>\n<p>Resurgent confidence is music to the ears of David Scalzo, whose Perri Projects has built developments including <a href=\"https:\/\/bennettslane.com.au\/\">Bennetts Lane<\/a>, a 12,000 square metre (129,167 square foot) office-retail complex in Melbourne\u2019s CBD set for completion next year.<\/p>\n<p>\u201cThere\u2019s no doubt, from a development perspective, the future of office is going to be a little bit different in terms of new products or will be a repositioned product from what it has been,\u201d the managing director said. \u201cI think there\u2019s going to be a very segmented market, it\u2019s very hard to generalise. There will always be a very deep market for the sort of things that are large in scale, triple-A locations, long-term leases and secure covenants. And they&#8217;re very hard to develop, but I think there are opportunities for some of the Asian investors.\u201d<\/p>\n<h3>New Economy in Focus<\/h3>\n<p>Mingtiandi\u2019s Office Strategies Forum concludes on 2 November with a one-hour session on <a href=\"https:\/\/www.mingtiandi.com\/real-estate\/events\/assets-for-asias-new-economy-mtd-tv-panel\/\">Assets for Asia\u2019s New Economy<\/a>. Scheduled speakers include Tim Graham, head of capital strategies for Asia Pacific at JLL; Terence Seah, director and head of Hong Kong, Singapore and Shenzhen for global design firm Benoy; and Augustine Chin, a director with Swiss private equity fund manager Asia Green Real Estate.<\/p>\n\n\t\t<style type=\"text\/css\">\n\t\t\t#gallery-2 {\n\t\t\t\tmargin: auto;\n\t\t\t}\n\t\t\t#gallery-2 .gallery-item {\n\t\t\t\tfloat: left;\n\t\t\t\tmargin-top: 10px;\n\t\t\t\ttext-align: center;\n\t\t\t\twidth: 25%;\n\t\t\t}\n\t\t\t#gallery-2 img {\n\t\t\t\tborder: 2px solid #cfcfcf;\n\t\t\t}\n\t\t\t#gallery-2 .gallery-caption {\n\t\t\t\tmargin-left: 0;\n\t\t\t}\n\t\t\t\/* see gallery_shortcode() in wp-includes\/media.php *\/\n\t\t<\/style>\n\t\t<div data-carousel-extra='{\"blog_id\":1,\"permalink\":\"https:\\\/\\\/www.mingtiandi.com\\\/real-estate\\\/events\\\/sc-capital-perri-projects-jll-and-rca-on-australian-offices\\\/\"}' id='gallery-2' class='gallery galleryid-255134 gallery-columns-4 gallery-size-thumbnail'><dl class='gallery-item'>\n\t\t\t<dt class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/www.mingtiandi.com\/real-estate\/events\/join-the-mingtiandi-office-strategies-forum-2021\/attachment\/danny-phuan-450x450\/'><img decoding=\"async\" data-attachment-id=\"254449\" data-orig-file=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/02\/Danny-Phuan-450x450-1-e1643640186239.jpeg\" data-orig-size=\"450,392\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;,&quot;keywords&quot;:&quot;Array&quot;}\" data-image-title=\"Danny Phuan, Head of Acquisitions, APAC, Head of China, Allianz Real Estate\" data-image-description=\"\" data-medium-file=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/02\/Danny-Phuan-450x450-1-e1643640186239-400x348.jpeg\" data-large-file=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/02\/Danny-Phuan-450x450-1-e1643640186239.jpeg\" width=\"150\" height=\"150\" src=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/02\/Danny-Phuan-450x450-1-e1643640186239-150x150.jpeg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"Danny Phuan, Head of Acquisitions, APAC, Head of China, Allianz Real Estate\" aria-describedby=\"gallery-2-254449\" srcset=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/02\/Danny-Phuan-450x450-1-e1643640186239-150x150.jpeg 150w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/02\/Danny-Phuan-450x450-1-e1643640186239-90x90.jpeg 90w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/02\/Danny-Phuan-450x450-1-e1643640186239-250x250.jpeg 250w\" sizes=\"(max-width: 150px) 100vw, 150px\" \/><\/a>\n\t\t\t<\/dt>\n\t\t\t\t<dd class='wp-caption-text gallery-caption' id='gallery-2-254449'>\n\t\t\t\tDanny Phuan, Head of Acquisitions, Asia Pacific, Head of China, Allianz Real Estate\n\t\t\t\t<\/dd><\/dl><dl class='gallery-item'>\n\t\t\t<dt class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/www.mingtiandi.com\/real-estate\/events\/join-the-mingtiandi-office-strategies-forum-2021\/attachment\/tim-graham-jll\/'><img decoding=\"async\" data-attachment-id=\"254308\" data-orig-file=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/02\/Tim-Graham-JLL-e1695972365530.jpg\" data-orig-size=\"709,658\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;,&quot;keywords&quot;:&quot;Array&quot;}\" data-image-title=\"Tim Graham, Head of Capital Strategies, Asia Pacific, JLL\" data-image-description=\"\" data-medium-file=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/02\/Tim-Graham-JLL-e1695972365530-400x371.jpg\" data-large-file=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/02\/Tim-Graham-JLL-e1695972365530.jpg\" width=\"150\" height=\"150\" src=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/02\/Tim-Graham-JLL-e1695972365530-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"Tim Graham, Head of Capital Strategies, Asia Pacific, JLL\" aria-describedby=\"gallery-2-254308\" srcset=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/02\/Tim-Graham-JLL-e1695972365530-150x150.jpg 150w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/02\/Tim-Graham-JLL-e1695972365530-90x90.jpg 90w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/02\/Tim-Graham-JLL-e1695972365530-260x260.jpg 260w\" sizes=\"(max-width: 150px) 100vw, 150px\" \/><\/a>\n\t\t\t<\/dt>\n\t\t\t\t<dd class='wp-caption-text gallery-caption' id='gallery-2-254308'>\n\t\t\t\tTim Graham, Executive Director, Head of International Capital, Asia Pacific, JLL\n\t\t\t\t<\/dd><\/dl><dl class='gallery-item'>\n\t\t\t<dt class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/www.mingtiandi.com\/real-estate\/speaker-bio-terence-seah-of-benoy\/attachment\/terence-seah-2\/'><img decoding=\"async\" data-attachment-id=\"249839\" data-orig-file=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/10\/Terence-Seah-e1635957991777.jpg\" data-orig-size=\"780,627\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;,&quot;keywords&quot;:&quot;Array&quot;}\" data-image-title=\"Terence Seah, Director, Head of Hong Kong, Singapore and Shenzhen, Benoy\" data-image-description=\"\" data-medium-file=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/10\/Terence-Seah-e1635957991777-400x322.jpg\" data-large-file=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/10\/Terence-Seah-e1635957991777.jpg\" width=\"150\" height=\"150\" src=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/10\/Terence-Seah-e1635957991777-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"Terence Seah, Director, Head of Hong Kong, Singapore and Shenzhen, Benoy\" aria-describedby=\"gallery-2-249839\" srcset=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/10\/Terence-Seah-e1635957991777-150x150.jpg 150w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/10\/Terence-Seah-e1635957991777-90x90.jpg 90w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/10\/Terence-Seah-e1635957991777-420x420.jpg 420w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/10\/Terence-Seah-e1635957991777-250x250.jpg 250w\" sizes=\"(max-width: 150px) 100vw, 150px\" \/><\/a>\n\t\t\t<\/dt>\n\t\t\t\t<dd class='wp-caption-text gallery-caption' id='gallery-2-249839'>\n\t\t\t\tTerence Seah, Director, Head of Hong Kong, Singapore and Shenzhen, Benoy\n\t\t\t\t<\/dd><\/dl><dl class='gallery-item'>\n\t\t\t<dt class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/www.mingtiandi.com\/real-estate\/events\/join-the-mingtiandi-office-strategies-forum-2021\/attachment\/augustine_chin\/'><img decoding=\"async\" data-attachment-id=\"254410\" data-orig-file=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/02\/Augustine_Chin.jpeg\" data-orig-size=\"550,550\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;,&quot;keywords&quot;:&quot;Array&quot;}\" data-image-title=\"Augustine Chin, Director, Asia Green Real Estate\" data-image-description=\"\" data-medium-file=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/02\/Augustine_Chin-400x400.jpeg\" data-large-file=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/02\/Augustine_Chin.jpeg\" width=\"150\" height=\"150\" src=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/02\/Augustine_Chin-150x150.jpeg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"Augustine Chin, Director, Asia Green Real Estate\" aria-describedby=\"gallery-2-254410\" srcset=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/02\/Augustine_Chin-150x150.jpeg 150w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/02\/Augustine_Chin-400x400.jpeg 400w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/02\/Augustine_Chin-90x90.jpeg 90w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/02\/Augustine_Chin-420x420.jpeg 420w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/02\/Augustine_Chin-250x250.jpeg 250w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/02\/Augustine_Chin.jpeg 550w\" sizes=\"(max-width: 150px) 100vw, 150px\" \/><\/a>\n\t\t\t<\/dt>\n\t\t\t\t<dd class='wp-caption-text gallery-caption' id='gallery-2-254410'>\n\t\t\t\tAugustine Chin, Managing Director, Asia Green Real Estate\n\t\t\t\t<\/dd><\/dl><br style=\"clear: both\" \/>\n\t\t<\/div>\n\n<p>The panel will discuss how the rise of the tech industry is reshaping office markets in Asia Pacific.\u00a0MTD TV picks up again in late November with the <a href=\"https:\/\/www.mingtiandi.com\/real-estate\/events\/join-the-mingtiandi-proptech-forum-in-november\/\">Property Innovation Forum<\/a>, where Mingtiandi will announce the results of its survey of property professionals in the region and reveal how developers and investors are implementing new systems.<\/p>\n<p><em>Beatrice Laforga provided reporting for this story.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"container-lazyload container-vimeo js-lazyload--not-loaded\">https:\/\/player.vimeo.com\/video\/639826297?h=fb802dc604Video can&#8217;t be loaded because JavaScript is disabled: Mingtiandi Office Strategies Forum 2021: Asian Capital &amp; Australian Offices (https:\/\/player.vimeo.com\/video\/639826297?h=fb802dc604)<\/div>\n<p>Asian capital has played a sustaining role in Australia\u2019s real estate market during the lengthy period of COVID-19&#8230;&nbsp;<a href=\"https:\/\/www.mingtiandi.com\/real-estate\/events\/sc-capital-perri-projects-jll-and-rca-on-australian-offices\/\">Read&nbsp;More>><\/a><\/p>\n","protected":false},"author":9671,"featured_media":255135,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[3456],"tags":[5382,5359,1671,8380,8400,8689,2663,4750],"ppma_author":[8847],"authors":[{"term_id":8847,"user_id":9671,"is_guest":0,"slug":"christopher-caillavet","display_name":"Christopher Caillavet","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/500c291c35a85a2ad5827cf7c6d198e1?s=96&d=mm&r=g","user_url":"","last_name":"Caillavet","first_name":"Christopher","description":""}],"_links":{"self":[{"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/posts\/255134"}],"collection":[{"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/users\/9671"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/comments?post=255134"}],"version-history":[{"count":0,"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/posts\/255134\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/media\/255135"}],"wp:attachment":[{"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/media?parent=255134"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/categories?post=255134"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/tags?post=255134"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/ppma_author?post=255134"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}