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Just closed: PAG closes on $1.3bn

PAG held a $1.3 billion final close on its PAG Real Estate Partners Fund. Launched in March 2014 with a $1 billion target, the fund invests into core plus opportunities across nine gateway cities in Asia, all of which are based in Australia, Japan, China, Hong Kong and South Korea.

Large global real estate investors – including the likes of PGGM, Allianz and CalSTRS – have committed to the vehicle.