Demand rising for Asia property, bar China assets

Demand from investors in Asia is high and rising, especially for real estate in developed markets such as Japan, the UK and North America – but the shine has come off Chinese property, say asset managers. Savills Investment Management has already won two institutional mandates this year for Japanese real estate, each for about $300 million to $400 million, said Justin O’Connor, chief executive of the London-based firm. Moreover, it is expecting the second Japan real estate fund it…