BPT, Savills Japan to Raise Capital From Asian Investors
Denmark-based real estate asset manager BPT Asset Management A/S and Savills Japan Ltd. has entered into a cooperation agreement to raise equity for the BPT funds in the Asia Pacific region.
Although the agreement encompasses the entire line of BPT funds, the cooperation will first focus on raising funds for the German market through BPT Hansa Lux SICAV-SIF; a Luxembourg-based closed-ended vehicle targeting commercial real estate in northern Germany.
“Many Asian investors have equity to place and they are looking for core to value-added products with dedicated managers who can present a solid track record. BPT can provide this through funds such as BPT Hansa,” says corporate finance director Kelly Hayes.
According to BPT, unlike the Japanese market, German funds can offer yield levels around 6–7 percent, which is in line