Second-quarter fund closes indicate a rise in capital-raising for Asian property and infrastructure, but are a fraction of the amount raised for European infrastructure and North American real estate.
The ambitious forecast by CBRE is based on expectations that Asian institutions will seek to diversify into lower-risk assets, with investors from China, Japan and Taiwan making inroads.
An estimated $110 billion is expected to flow into Asian commercial real estate this year, making up one-quarter of the global total, forecasts Jones Lang LaSalle.
Returns on US property assets are set to spike, says Asia veteran Robert Morse, who is tapping the region’s institutional investors for a second distressed real estate vehicle.