Christie Ou
Pursuing a value-add strategy, the Hong Kong-based firm has exited 25 investments and generated a median IRR of over 40% since 2004.
The firm plans to open an office in Sydney next year as well as add to its Singapore and Shanghai teams.
With logistics being the firm's highest conviction in China, the sector represents 62% of its total assets under management in the country.
With a goal to replicate its platforms in the US and Europe, the firm seeks to raise more than $200m for its first Asia vehicle.
The Korean insurer’s $1bn commitment will initially be allocated to three of the firm’s Asian and European real estate funds.
The Singapore-based manager’s incoming C-REIT will offer a conduit for international managers wanting access to Chinese capital.
The Australian firm previously invested its own balance sheet capital in the higher-risk, higher-return strategy for more than 10 years.
The real estate veteran, who spent 17 years at the Australian firm, was heavily involved in building its China retail business.
With a total of five retail assets in the country, the Macquarie-managed portfolio has been in the market since the beginning of last year.
Even the most dominant in the ranking are seeing a drop in aggregate growth.