Research - MAY 4, 2021

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Nearly $3b raised for Australian core real estate funds in 2020

by Andrea Zander

Investment managers raised A$3.86 billion ($2.98 billion) for nonlisted funds investing in core Australian real estate in 2020, despite the outbreak of COVID-19, according to ANREV/INREV/NCREIF’s Annual Capital Raising Survey 2021.

The amount raised in 2020 marks an increase from the A$3.08 billion ($2.4 billion) raised in 2019, a positive indicator that, despite the disruption of the COVID-19 pandemic, core Australian real estate not only retained its appeal as an asset class but attracted even more capital than the year before.

Globally, $90.7 billion of capital was raised for nonlisted real estate funds in 2020, representing 60 percent by value of all the capital raised, according to ANREV/INREV/NCREIF’s Annual Capital Raising Survey 2021. This is a much higher share compared to previous years, confirming nonlisted funds’ attractiveness as the most popular route to invest in real estate among investors.

The vast majority of the funds

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