Asia-Pacific

The Toronto-based firm’s CEO says plans to generate $25bn by monetizing its BPY holdings will not include its assets in the two troubled sectors.

Net zero commitments are not enough to prove that the industry is making significant progress toward significantly reducing carbon emissions.

With ARA bringing close to $80bn of non-new economy assets, the new platform is evaluating its portfolio and will seek to divest any non-core assets.

The head of real assets at the Dutch investor says building valuations will take a hit unless owners are proactive in making their assets sustainable.

Including its $897m C-REIT, the logistics powerhouse has introduced six onshore logistics real estate vehicles in China since 2017.

Pursuing a value-add strategy, the Hong Kong-based firm has exited 25 investments and generated a median IRR of over 40% since 2004.

Unless multiple mega-funds close during the second half year, the answer points to yes, according to PERE’s H1 2021 Fundraising Report.

The first six months of the year represented the smallest H1 total since 2012, when $57.5bn was raised during the period.

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.