M&G Real Estate has bolstered its Asia Pacific living strategy with the promotion of David Askham to director of portfolio management, Asia Living, as well as with a $250 million commitment from M&G’s Life business.
Askham will spearhead the growth and strategic direction of the firm’s investments in the region’s living sector. In addition, M&G’s Life business has committed to deploy $250 million into the sector as it seeks to expand its portfolio both internationally and into alternative sectors such as residential, bringing its total exposure to Asian real estate to $2.5 billion.
As the real estate cycle enters its recovery phase, investors are increasingly looking to Asia Pacific’s residential markets for resilient, high-growth assets. Opportunities to capitalize on low volatility and value appreciation are growing as these markets mature, especially in Japan, where urbanization and migration to key cities fuel demand. M&G Real Estate Asiaâ
