Knowledge Brief Volume 18
The Road Ahead for REITs
Asia Pacific REIT markets are entering a new growth phase, supported by easing interest rates, improving capital market conditions, and strong structural drivers such as urbanisation, digitalisation, and infrastructure development. The most compelling opportunities are emerging in new economy sectors, including data centres, logistics, healthcare real estate, build-to-rent housing, and digital infrastructure, which are benefiting from long-term demand trends that extend beyond economic cycles. Investors are increasingly looking to expanding REIT markets in China and India, alongside evolving opportunities in mature markets such as Japan, as the region offers a growing pipeline of institutional-quality assets and new avenues for long-term income and capital growth.
Volume Articles
Introduction: The Road Ahead for REITs
Sigrid Zialcita
CEO
Asia Pacific Real Assets Association
APAC REITs at an Inflection Point: Selective Recovery Underway
Martin Siah
Singapore Country Executive, Head of Southeast Asia Global Corporate and Investment Banking, Head of Asia Pacific Real Estate, Gaming and Leisure
Bank of America
Why REITs Matter Again
Uma Moriarity, CFA
Senior Investment Strategist and Global Head of Sustainability
CenterSquare Investment Management
Joachim H. Kehr
Portfolio & Regional Head, Asia-Pacific
CenterSquare Investment Management
Industry Insiders: Why APAC’s Data Centres are Captivating Global Investors
Patrick Na
Market Head of Financial Services for South Asia & Australasia
TMF Group
Expansion of Investment Targets for Japanese J-REITs: Increased Investment in Operational Assets, Such as Data Centers
Kenji Utsumi
Partner
Nagashima Ohno & Tsunematsu
Growth of the Chinese REIT Market and Implications for Global Capital
Chris Yang
Head of Valuation & Advisory Services, Beijing; Head of China REIT Practice Group
Cushman & Wakefield
From Pilot to Permanent: China on Track for Constructing Multi-tiered REIT Market
Garcia Xia
Partner
Ernst & Young, Greater China
Scaling Up: The Structural Shifts Supercharging Indian REITs
Anshuman Magazine
Chairman & CEO–India, South-East Asia, Middle East & Africa
CBRE
Enhancing Liquidity and Ease of Doing Business for REITs and InvITs in India
Pratichi Mishra
Partner
S&R Associates, Mumbai, India
Dhaval Sheth
Associate
S&R Associates, Mumbai, India
India’s Infrastructure Revolution Will Be Built on InvITs
Srinivasa Reddy
Director, Research & Consulting
Savills India
Saurabh Bhutani
Senior Director, Research & Consulting
Savills India
India's InvITs Emerge as Next Major Opportunity
Madhurima Basu
Senior Director - Capital Markets Research
JLL
Relevance and Resilience of REITs in a Fragile World
Mustafa Saleem
Partner
S R B C & Co LLP