Christie Ou
There has been a surge in foreign investments in Chinese real estate in recent months, despite macro headwinds like the trade war.
The Singapore-headquartered firm has raised a total of $947m for two real estate vehicles, since it first started discretionary fundraising in July.
The manager has held a first close of $400m for its third pan-Asia fund entirely from re-ups, demonstrating investors’ continued support following the sale of co-founder Fred Schmidt’s stake in the business.
The Toronto-based private markets giant intends to drive returns through active operational management.
More than half of the $185bn raised in 2018 has already been deployed, a recent report by ANREV, INREV and NCREIF showed.
JLL's latest appointments come at a time when the firm expects Japanese inbound and outbound real estate investments to grow in volume.