Foreign Property News | Posted by Zarni Kyaw
Asia-Pacific recorded $812b in real estate assets under management last year: Survey Local developer CapitaLand has the biggest real estate assets under management in the Asia-Pacific, a region that is becoming a major force in the sector.
The Asia-Pacific recorded US$588.8 billion (S$812 billion) in real estate assets under management (AUM) last year - 18.4 per cent of the US$3.2 trillion global total, according to a survey.
CapitaLand led the way in this region with US$55.9 billion (S$78 billion) in AUM, Singapore-based logistics group GLP was second with US$36.3 billion, and Mapletree was next with US$28.3 billion.
Non-listed real estate, including funds, joint ventures and debt products, made up 73.6 per cent of AUM in the Asia-Pacific - less than the 87.7 per cent for Europe and 75.2 per cent for North America.
Globally, non-listed real estate represented 84 per cent - or US$2.7 trillion - of the US$3.2 trillion total AUM.
Within the Asia-Pacific, non-listed funds made up 57.2 per cent of the AUM held by non-listed real estate vehicles, in line with 57.8 per cent for Europe and 51.1 per cent for North America.
In terms of investor composition in this region, pension funds represented 50.2 per cent of non-listed direct real estate AUM. Pension funds accounted for 43.8 per cent for Europe and 42.1 per cent for North America.
Sovereign wealth funds are the next largest source of capital for real estate in the region, making up 15.7 per cent of AUM, followed by insurance companies with 11.2 per cent.
Globally, Blackstone Group made history by breaching the US$200 billion mark for the first time, reporting US$230.6 billion in real estate AUM, a 19 per cent increase from US$193.8 billion in 2017, and topping the overall ranking of total real estate AUM globally.
It was followed by Brookfield Asset Management, with total real estate AUM of US$187.3 billion, a surge of 20.5 per cent from the previous year.
Ref: Property Report
