Altis Property Partners, a value-add Australian real estate fund manager that was acquired by Barings in August, has secured A$600 million ($405 million) of equity commitments from two global institutional investors.
The capital went to two Altis funds — Altis Real Estate Equity Partnership 4 (AREEP4), the latest vehicle in the flagship value-add series, and the newly established Altis Industrial Fund 1 (AIF1).
AREEP4 is focused on curating a diversified portfolio of income-producing value-add Australian industrial, large-format retail and countercyclical office assets. AIF1 is a newly created fund focused on procuring a diversified portfolio of high-quality value-add, core-plus and develop-to-core industrial assets across Australia.
“We’re delighted to have secured significant new capital commitments from two top-tier global institutional investors in a challenging capital markets environment,” said James King, director investment management and capital
