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Asian Real Estate Attracting Small Investors, Fund Manager Says

Bonjour Kwon 2013. 9. 5. 23:24

 

05 9월, 15:28blogs.wsj.com

London-based real-estate fund manager M&G Real Estate has raised an additional $112 million since the start of the year toward a $1.2 billion fund focused on Asian investments, amid growing interest among small pensions funds and insurance companies.

 

 Long popular among large pension funds, Asia’s real-estate market is increasingly attracting smaller investors who want to diversify their real-estate holdings by investing in mature Asian markets, said Scott Girard, CEO of M&G Real Estate Asia, the Asian arm of the firm, in a statement.

 

 All the new investors in the firm’s Asia-focused fund were from Europe and the Americas.

 

 Agence France-Presse/Getty Images

 

 An uptick in interest makes sense given that deal-making in Asian real estate is heating up. Investment banking revenue from real estate in Asia-Pacific has reached $1.1 billion so far this year, up 66% from the same period a year earlier, according to Dealogic. By comparison, such revenue from real estate in the Americas has totaled $2.5 billion year to date, an increase of 44%.

 

 M&G said its new Asian-Pacific investments will include office, retail and industrial real-estate assets.

 

 “We’re assessing investment opportunities in Hong Kong, Japan and South Korea,” said Erle Spratt, who manages the firm’s Asia real-estate investments.

 

 The firm manages $1.7 billion in assets in Asia, including real estate in Hong Kong, Singapore, South Korea and Australia.