Macquarie has raised $A1.1 billion ($846 million) for its Asia Pacific opportunistic real estate vehicle, reaching its hard cap.
The fund has a mandate to invest in developed markets across the region, and will focus on specialist platforms, direct real estate and pursuing opportunities arising from recent market dislocation.
Brett Robson, head of real estate at Macquarie, said the COVID-19 pandemic has created a host of opportunities for real estate investors.
“Global megatrends — including shifting demographics, digitalization and urbanization — are driving the need for real estate development and investment,” noted Robson. “The market dislocation we’ve seen over the past 18 months has acted as an accelerator in many areas, creating opportunities across Asia Pacific.”
The mandate builds on Macquarie’s investment experience in Asia Pacific real estate, having unlocked more than $12 billion of real estate investment opportunities with its
