Heitman announces $338m final close for pan-Asia property fund

Residential and commercial buildings are seen from Victoria Peak in Hong Kong, China, on Monday, Sept. 11, 2017. Photographer: Billy H.C. Kwok/Bloomberg Photo by Bloomberg

US-headquartered global real estate investment firm Heitman LLC has announced the final close of its pan-Asia property fund, Heitman Asia-Pacific Property Investors (HAPI), at $338 million, surpassing its initial target of $250 million.

The closed-end, value-added fund has already made initial commitments to investments in Tokyo, Melbourne, and Hong Kong and will focus on those three cities as well as Osaka, Sydney, Brisbane, Singapore and Seoul.

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