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Pacific Star to raise $2 billion for Asian real estate

By Liz Mak | 27 March 2008
Keywords: pacific star

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European and Middle Eastern institutional interest in Asian real estate continues.

Pacific Star, a Singapore-based Asian real estate investment house, says it is raising $2 billion for its new Asia Fund Select Concept Fund. The fund will be the first of its kind in real estate investment, being open-ended and targeted at institutional investors worldwide.

The fund will invest in real estate projects all over Asia. Fritz Nehrig, senior vice-president for fund management at Pacific Star, says the fund has capacity for investment from India to Southeast Asia markets such as Vietnam and Malaysia, to Japan, Korea and China.

Nehrig says the fund is open to ...

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