There is definite proof that sustainability-focused funds are outperforming their conventional counterparts. But some experts believe the traditional explanations for this are wrong.
Deutsche has had a property business in place in Korea for 10 years, and the newly branded RREEF will continue to be headed by Paul Keough.
Globally, its property business currently has $42 billion of assets under management. A small percentage is allocated towards opportunistic and value-added assets with more than 90% invested in more mainstream investment property assets.
ôWith this consolidation, our real estate business will be regulated and licensed now in Korea,ö says Kurt Roeloffs, head of RREEF Asia Pacific. ôThat allows us to expand, for example, via listed property products such as REITs.ö
In South Korea the firmÆs plan is to buy and manage larger-sized office buildings, principally of grade-A quality, but also grade B from time to time. The total size of the new portfolio is envisaged to rise to $800 million, with individual buildings priced at around $70 million.
With that anticipated ticket size, it means that DeutscheÆs business will be competing against large local players as well as the giant property funds operated by rival international financial institutions.
AsianInvestor reveals the first half of our marquee winners for this year's Asset Management awards, including best asset service provider and top alternative fund houses.
The number of millionaires in mainland China grew by 35% in 2020, while the number of millionaires in Hong Kong fell by 7%, according to a new report from the private bank.
The Australian pension fund joins other asset owners in eyeing private credit opportunities in the Asia-Pacific region, although liquid defensive assets retain a majority of allocations.
Alternatives news roundup: Asia Pacific's alternatives market to hit $6tr by 2025; Indonesia's SWF to buy troubled toll roads
Asia Pacific alternatives market to grow to $6tr by 2025; Australian private capital assets rose to A$77 billion in mid-2020; Chinese authorities limit cash management products holding riskier securities; Indonesia's sovereign wealth fund to acquire several toll roads; Korean institutional investors support scheme to buy US asset-backed securities; and more.