Subject category:
Strategy and General Management
Published by:
Asia Case Research Centre, The University of Hong Kong
Version: 7 July 2003
Length: 27 pages
Data source: Field research
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Abstract
Set in 2003, this case presents the relative merits and demerits of direct and indirect methods of international property investment from the perspective of an Australian property company, LandLease (Asia) Property Limited (LL). It wished to gain exposure to the Hong Kong property sector and had the option of investing directly by acquiring real property assets, or indirectly by acquiring interests in investment vehicles whose underlying investment performance was linked to the property sectors. LL was particularly interested in creating an investment portfolio and listing it as a real estate investment trust (REIT) in Hong Kong. This case compares and contrasts the most common forms and strategies of real estate investment. The relative attractiveness of direct and indirect international property investments will depend on the requirements, objectives and financial strength of the investors. Despite differences in the underlying asset base and quality, direct and indirect investments are not mutually exclusive. This means there could be advantages in combining different forms of property investment to achieve a satisfactory return.
Location:
Other setting(s):
2003
Subject category:
Strategy and General Management
Published by:
Asia Case Research Centre, The University of Hong Kong
Version: 07 July 2003
Length: 5 pages
Data source: Field research
Simplified Chinese language
Subject category:
Strategy and General Management
Published by:
Asia Case Research Centre, The University of Hong Kong
Length: 26 pages
Data source: Field research
About
Abstract
Set in 2003, this case presents the relative merits and demerits of direct and indirect methods of international property investment from the perspective of an Australian property company, LandLease (Asia) Property Limited (LL). It wished to gain exposure to the Hong Kong property sector and had the option of investing directly by acquiring real property assets, or indirectly by acquiring interests in investment vehicles whose underlying investment performance was linked to the property sectors. LL was particularly interested in creating an investment portfolio and listing it as a real estate investment trust (REIT) in Hong Kong. This case compares and contrasts the most common forms and strategies of real estate investment. The relative attractiveness of direct and indirect international property investments will depend on the requirements, objectives and financial strength of the investors. Despite differences in the underlying asset base and quality, direct and indirect investments are not mutually exclusive. This means there could be advantages in combining different forms of property investment to achieve a satisfactory return.
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Location:
Other setting(s):
2003
Related
Subject category:
Strategy and General Management
Published by:
Asia Case Research Centre, The University of Hong Kong
Version: 07 July 2003
Length: 5 pages
Data source: Field research
Subject category:
Strategy and General Management
Published by:
Asia Case Research Centre, The University of Hong Kong
Length: 26 pages
Data source: Field research