Christie Ou
The Sydney-based real estate fund manager will provide equity for the acquisition of seed assets and bring in co-investment capital from its investors.
The Middle Eastern sovereign wealth fund is left with no permanent global head of real estate or regional heads of real estate.
As sellers' expectations become more realistic, the asking price for retail assets has come down as much as 30% in the country since June 2020.
Foreign capital accounted for 74% of total transactions in Q1 of the year, the highest first quarter percentage since 2017, according to deal data house Real Capital Analytics.
Established last month, the regional investment business will be led by former executives from ADIA and global hospitality group IHG.
With over 20 years of relationship, the Canadian investor has anchored the manager’s first open-ended pan-Asia fund to invest across different sectors.
PERE hears from an investor in each major region about what real estate debt means to their respective organization.
The Sandcrawler building is one of the private equity firm’s first two investments in Asia targeting tenants in the fast-growing industry.
The manager has history when it comes to dual-track processes for logistics portfolios.
The Dutch pension fund manager has committed close to $700m in the region’s data center platforms since the second quarter of 2020.