Core

Malaysia’s KWAP to double real estate AUM by 2025

In addition to expanding into non-core strategies, the investor is planning to increase its pool of real estate funds from five to 15 by 2025.

Flexing fund terms will have knock-on effects, say lawyers

Investors may be amenable to investment period extensions in today’s climate, but lengthening the fund term could have more serious implications.

ESR targets $5bn for Korea’s first open-end core logistics fund

The Hong Kong-based firm has received an initial commitment of more than $400m from an anchor investor in the fund.

DOWNLOAD: Investor appetite for private real estate remains robust for 2024

Although 38% of investors were overallocated to the asset class in 2023, only 27% plan to invest less capital this year.

BlackRock names new global co-heads of real estate

The executives will be the New York-based asset manager’s first dedicated heads of real estate since Marcus Sperber departed in 2019.

Perspectives 2024: What investors think about private real estate

Investors are hurting from the poor performance of real estate, but this has not diminished their appetite for fresh investments.

DOWNLOAD: Fundraising hit an 11-year low in 2023

The total of $138.93bn raised in 2023 represented a 41% drop from the $236.04bn raised in the 2021 fundraising peak.

Sienna IM launches consulting business for Korea’s troubled asset owners

The new platform is intended to help mitigate miscommunication issues that led to unintended forced sales of properties.

GCP raises $1.4bn for its latest China onshore vehicle

Nearly half of the $4.5bn GCP raised across strategies came from RMB vehicles for the 12 months ended November 2023.

Prologis’s Letter: Shipping disruptions will be ‘tailwind for demand’

The demand for warehouse space globally will be higher over the next few quarters due to ‘escalating issues’ in the Suez and Panama canals.