BCCT Luncheon - The Power of Asian Investors on Global Real Estate Investment Markets with Richard Price
2010-06-09
Date: Wednesday 9 June 2010, 08.00 – 09.30
Venue: Formosa Regent Taipei, B3 Emporio A Room (41 Zhongshan North Road, Section 2, Taipei)
Cost: Members NT$1,300/ non-members NT$1,900
The BCCT is honoured to co-host this joint luncheon, inviting Richard Price, ING Real Estate Investment Management, as the guest speaker to talk on the topic of “The Power of Asian Investors on Global Real Estate Investment Markets”.
A recovery in real estate fundamentals always lags behind broader economic recovery. And with relatively high rates of unemployment, the length of that lag may be more pronounced this time around. However Asia is not only emerging as a key source of economic growth - as the world pulls itself out of recession - but also as an increasingly significant source of global real estate investment capital. Over the course of the last 12-18 months we have witnessed Asian institutions allocating capital to some of the most deeply corrected and distressed real estate markets in the world. Although Asian investors have been investing in global property for decades, the type of investor is undergoing a fundamental change and their willingness to secure investments in these dislocated markets at this time is further evidence of the almost inexorable rise of Asia's global economic power.
About the speaker
Mr. Richard Price is Chief Executive Officer for ING Real Estate’s Asian investment management business based in Hong Kong where he has overall responsibility for the firm’s business activities in the region. He chairs the regional Management Board and Investment Committee and leads a team of more than 100 people in six offices across the region. He is also a member of the ING Real Estate Investment Management Global Management Board. Mr. Price joined ING in 1996 and was appointed to his current role in July 2008 having spent the previous 4 years as a Managing Director of ING Clarion, based in New York. Mr. Price has more than 16 years of commercial real estate experience in Asia, Europe and the United States.
