The 10 largest managers represent 40% of the overall AUM which is on par with levels observed in previous years.

• Total real estate AUM grew by 14.0%, from US$3.2 trillion in 2018 to US$3.6 trillion in 2019
• The three biggest managers reported real estate AUM above US$175 billion
• The three biggest managers reported real estate AUM above US$175 billion

As of 31 December 2019, total real estate assets under management (AUM) stand at US$3.6 trillion compared to US$3.2 trillion at the end of 2018. Non-listed real estate represents a significant portion of total real estate assets under management. Of the US$$3.6 trillion total AUM, non-listed accounts for 82.2% or around US$3 trillion.

With US$278.7 billion of real estate AUM, The Blackstone Group tops the overall list. Brookfield Asset Management posted total real estate AUM of US$201.9 billion, securing them second place. In third position was PGIM with US$179.2 billion of real estate AUM.

The two largest managers in Asia Pacific, CapitaLand and ARA Asset Managers, are way ahead of the rest both with total real estate AUM above US$60 billion.

ANREV has launched the tenth release of the ANREV Pan Asia Open-End Diversified Core Fund Index (ODCE).

Please provide feedback and comments to Kip Kong or Amélie Delaunay.

During this briefing, a panel of experts explored the impact of COVID-19 to Australian's Hotel sector and how ESG fitting into the plan. Amélie Delaunay of ANREV, Dr Sabine Schaffer of Pro-Invest, Ruben Langbroek of GRESB and Carlos Flores of NABERS shared with us their views from different perspectives.

The Hong Kong Government gazetted the new Limited Partnership Fund Bill on 20 March 2020.  The Bill had its first reading on 25 March 2020 and is expected to become law later this year.

Specifically designed for private funds and enabling the establishment of onshore funds in Hong Kong, this historic legislative reform will deepen and strengthen the ecosystem that supports the funds industry and better position Hong Kong for growth as a leading asset management hub in the Asia Pacific region.

Join to hear from the HKMA and experts from EY and Sidley on the implications to our industry.

At this session, Mr Hiroshi Okubo of CBRE, Mr Daisuke Kitta of Blackstone and Mr Phi Le of PAG Real Estate shared with us their views on the latest investment trends in Japan and the market sector outlook, as well as the strategies they are employing to deal with this unprecedented economic situation.

On 18 February 2020, ANREV has organised a webinar discussing all ANREV indices. The slides and recording of the webinar are available to view / download below.

At this webinar. Amélie Delaunay, Director of Research and Professional Standards at ANREV and her team went through all the ANREV indices including the recently launched ODCE index, and discussed the global initiatives we are currently working on. 

To view the recording, please click here.

Message from the Chief Executive to ANREV members and stakeholders

 

ANREV, INREV and NCREIF have signed a Global Alliance Memorandum of Understanding (MoU) to advance the global agenda of transparency, accessibility and professionalism and increase harmonisation across the non-listed real estate industry. The alliance brings together the major industry bodies of Asia Pacific, Europe and the US.

Please download the full press release in the link below.

During the briefing, John Moutsopoulos and Grant Mackinlay of KPMG Australia delivered a presentation and discussion on recent changes to Australia’s regulatory framework for foreign fund managers that wish to raise capital from Australian investors; specifically:

• Update on ASIC s recent repeal of licensing exemptions for foreign fund managers who have clients in Australia or wish to raise capital in Australia;
• legal and tax implications for ANREV members with an existing book of clients in Australia including transitional arrangements;
• legal and tax implications of key options for ANREV members going forward to raise capital in Australia including reliance on other licensing relief, applying for a foreign licence, or setting up a local office and applying for a standard license.

This webinar session is successfully held on 14 May 2020.

At this session, Varoon Raghavan, Co-founder and Chief Operating Officer of Princeton Digital Group shared with us the opportunities and challenges facing the industry.