Macquarie Asset Management has raised AU$1.1 billion in equity from institutional investors to pursue opportunities in the Asia Pacific region in the real estate sector, per an announcement.
With the investment, the Sydney-based asset manager plans to invest in developed markets across the region with a special focus on specialist platforms, direct real estate, and opportunities arising out of recent market dislocation.
Macquarie Asset Management and its partners have invested over $12 billion in the region’s real estate sector since 2012.
The Australian financial group has also invested in specialist operators in the region, including LOGOS Property Group’s logistics platform, Iglu’s student accommodation platform and Greystar Asia Pacific’s purpose-built rental housing business.
Macquarie Asset Management head of real estate Brett Robson said that the impacts of the COVID-19 crisis have acted as a trend accelerator, creating opportunities for real estate investors.
“Global megatrends including shifting demographics, digitalisation, and urbanisation are driving the need for real estate development and investment. The market dislocation we’ve seen over the past 18 months has acted as an accelerator in many areas, creating opportunities across Asia-Pacific,” he added.
As of 31 March 2021, Macquarie Asset Management had AU$562.2 billion of assets under management. The firm has over 1,900 staff operating across 20 markets in Australia, the Americas, Europe, and Asia.
Macquarie Asset Management is the asset management arm of Macquarie Group. It oversees Macquarie Infrastructure and Real Assets (MIRA) and Macquarie Investment Management.