Christie Ou
The team plans to invest in small to mid-sized managers, co-found new platforms, and accept investments under $100 million.
Serenitas co-founder GIC exited its stake in the land lease community operator to Mirvac and PEP last year for A$1.01bn.
Asia’s top real estate managers hold at least $65bn of dry powder, but are struggling to invest it.
Third logistics deal for investor-manager partnership comes on the back of strong interest in South Korea from Middle Eastern investors.
The firm is looking for the right conditions to float the vehicle amid volatile C-REIT market pricing in China.
Cost and stability are key factors in evaluating whether to opt for fixed or floating rate loans to finance deals in the country.
With only a 7.4% increase, the investor also recorded a slower climb in real estate commitment compared with prior years.
However, the average allocation to private real estate across all institutions rose from 6.9% in H1 2022 to 8% in H1 2024.
The executive's promotion to chief of staff follows a senior management reshuffle announced at the end of July.
The prevalence of non-mainstream products, such as debt and data center funds, have yet to be reflected amid tumbling fundraising totals.