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Australian asset managers’ real estate AUM hits A$316b in 2019
Research - JUNE 17, 2020

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Australian asset managers’ real estate AUM hits A$316b in 2019

by Released

Australian asset managers’ total real estate assets under management hit A$316 billion ($218 billion) in 2019, up 4.7 percent from A$301.8 billion ($208 billion) in 2018, according to the latest Fund Manager Survey launched by ANREV, INREV and NCREIF. Goodman Group has retained its status as Australia’s largest real estate fund manager by AUM, with a total of A$52.0 billion ($35.9 billion) in 2019.

Goodman far outpaced its next ranking peer, Charter Hall, which reported A$38.9 billion ($26.9 billion) in total real estate AUM, followed by Lendlease with A$36.5 billion ($25.2 billion). Charter Hall’s second-place ranking marks a major jump up from fifth place in the previous year’s survey, when the firm had total real estate AUM of A$28.4 billion ($19.6 billion). The previous survey found Goodman had total real estate AUM of A$39.6 billion ($27.3 billion), while Lendlease had A$34.1 billion ($23.5 billion).

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