Christie Ou
KKR's Asia real estate boss John Pattar says the acquisition of the manager allows the firm to tap into a new pool of public capital expected to complement its existing private funds.
The firm will also be starting an ESG business to invest in biogas, solar farms, bioenergy and other sustainability-related opportunities.
The Dutch real estate investor previously teamed up with APG Asset Management to back the student accommodation specialist in 2016.
This year’s results show the impact of investors’ desire for data centers, multifamily and logistics, as well as market consolidation in the industry.
With investment in real estate technologies rising almost 40% in the last year to more than $30bn, capital allocations are becoming more formalized.
The Canadian insurer is aiming for double-digit percentage growth in its Asia-Pacific real estate AUM over the next few years.
Australia’s Taronga Ventures has received commitments from 13 institutional investors for its debut vehicle, which is expected to hit its hard-cap.
The Singapore-based firm has traditionally focused on a value-add strategy and has launched three value-add funds in Asia since 2012.
Led by Justin Wai, the firm plans to expand its real estate team in Shanghai this year to accommodate its growing business in Greater China.
APG Asset Management and Manulife have invested with GLP for the first time via the firm’s $1.1bn venture in Vietnam.