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Asia Pacific Cap Rates | Q2 2021

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Colliers Valuation and Advisory - APAC Cap Rates Q2 2021

Cap rates for the Industrial sector continue to see more movement than Office and Retail, on heightened market activity.


In Q2 2021, only seven of the 21 cities surveyed across Asia Pacific have seen quarter-on-quarter (QOQ) movements.

Industrial has once again been the most active sector, primarily driven by the logistics and warehousing markets. We expect this to continue through 2021, while anticipating increased activity in the Office and Retail sectors.

Key Highlights in Q2 2021:

  • The market with the sharpest movements was Seoul, on the back of intense competition for investment assets, particularly in the Industrial sector.

  • In Beijing and Shanghai, we see a good sign of recovery from COVID-19. Some retail deals in Beijing are expected to be completed in the near future, leading to a downward movement of QOQ cap rates. On the Industrial front, logistics continues to be relatively active over the past quarters.

  • The Australia investment market has been active over the last quarter, however, no significant fluctuations in cap rates were noted.

Download the latest APAC Cap Rates | Q2 2021 below. For more real estate advisory insights across Asia Pacific, reach out to our experts CK Lau and Dwight Hillier.


Asia Pacific Cap Rates | Q2 2021

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Dwight Hillier

Managing Director | Valuation & Advisory Services, Strategic Advisory & Healthcare & Retirement Living

Sydney CBD

I am responsible for the oversight and management of Valuation & Advisory Services; Strategic Advisory & Healthcare & Retirement Living  businesses in Australia.  Ensuring Colliers remains best in class providers in their respective markets. These key sectors on a national basis are headed by the following people:

Jonathan Petsalis - Head of Office | Valuation & Advisory Services
Simon Andreatta – Head of Industrial | Valuation & Advisory Services
Andrew Johnston – Head of Retail | Valuation & Advisory Services
John Harrison - Head of Agribusiness | Valuation & Advisory Services
Phil Western - National Director | Government Property Services
Neil Murray - Head of Strategic Advisory
Shalain Singh - Head of Healthcare & Retirement Living

Colliers  is a full service provider of Global Valuation & Advisory Services.

COMPANY EXPERIENCE
Managing Director, Valuation & Advisory Services 2013 - Present
National Director, CBD Commercial Valuation, Sydney CBD Office 2006 - 2013
State Director, Consultancy and Valuation, Sydney CBD Office 2003 - 2006
Associate Director, Sydney CBD Office 2002 - 2003
Senior Valuer, Sydney CBD Office 1998 - 1999
Valuer, Sydney West Office 1995 – 1998

PROFESSIONAL ACCOMPLISHMENTS | OFFICE VALUATION & ADVISORY

Some of the more prominent clients that I regularly undertake national valuation appointments from include The GPT Group, AMP Capital Investors, DEXUS, Brookfield, and Lendlease.

Some of my more recent valuation instructions of Premium and A grade commercial office assets undertaken are as follows:-

‘Governor Phillip’ & ‘Governor Macquarie Towers’, 1 Farrer Place, Sydney
‘RBS Tower @ Aurora Place’, 88 Phillip Street, Sydney
‘Darling Park’, 201 Sussex Street, Sydney
‘Grosvenor Place’, 225 George Street, Sydney
1 Bligh Street, Sydney
120 Collins Street, Melbourne
530 Collins Street, Melbourne
8 Exhibition Street, Melbourne
‘Bourke Place’, 600 Bourke Street, Melbourne
One One One Eagle Street, Brisbane
1 William Street, Brisbane
Central Plaza I, II & III, Brisbane
‘Bankwest Tower’, 108 St Georges Terrace, Perth
‘Brookfield Place', 125 St Georges Terrace, Perth
‘Ernst & Young Centre’, 12 Mounts Bay Road, Perth

PRIOR EXPERIENCE

Prior to joining Colliers International, I worked within the Research Department of the Property Council of Australia (PCA), then with a boutique firm of Valuers & Land Economists, where I was involved in the valuation of residential property predominantly for first mortgage security purposes, as well as commercial and retail rental advice.

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