Holland’s APG enters Asia Pacific real estate debt market

APG has made its first foray into real estate debt within Asia Pacific via dedicated Australian commercial real estate debt manager, MaxCap Group.

“As a pension investor, we are continuously looking for attractive investments worldwide that help us realize stable and long-term returns for our pension fund clients,” said Graeme Torre, managing director and head of private real estate, Asia Pacific. “We see the structural shift in the Australian banking sector market dynamics contributing to a convergence of equity and debt returns. A real estate debt strategy therefore offers us the opportunity to access this asset class with an appealing risk/return proposition. We believe that MaxCap, with its on-the-ground knowledge, reputation for responsiveness and proven track record, will be a strong long-term partner for APG.”

The partnership for APG made an initial commitment to the strategy of €185 million ($209 million) and with a further re-up option to increase to