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BlackRock aims to double real estate AUM in five years

Despite static asset value and senior departures, the world’s biggest asset manager is eyeing aggressive expansion, with US value-add commingled funds one strategic target area.

PGIM eyes global expansion of RE defined contribution business

The New Jersey-based manager intends to launch new products in the strategy on the back of two senior personnel moves.

When an alpha investor dominates a fund

Smaller investors risk being snubbed when assertive institutions step into commingled funds as cornerstones, a case in Asia this week suggests.

BlackRock global RE head to depart – Exclusive

Marcus Sperber is the fourth senior executive to leave the New York-based asset management giant’s property business in the past two years.

Allianz’s China ticket comes with perks

The German insurer’s cornerstone investment in KaiLong’s commingled fund includes benefits such as input on investments, lower fees, and co-investment possibilities, says Asia-Pacific RE head Rushabh Desai.

PAG’s hostile bid for Spring REIT underscores take-private trend in Asia

Some of the poorly performing REITs in the region are ripe for takeovers by opportunistic managers, although the privatization process may be difficult to undertake.

Why Singaporean investors are on a global real estate buying spree

A growing number of Singapore-based investors are diversifying into Europe and US markets to balance their heavy reliance on Asia markets.

Asia leads the way for $1.8trn global CRE market

Asian buyers accounted for 45% of all cross-border real estate investment in the 12 months ending June 2018, according to data published by Cushman & Wakefield.

Tokio Marine to double its European manager count by the end of 2019 –...

Shinji Kawano, head of overseas investment at the insurance giant’s real estate investment arm, says it plans on committing capital to about 10 more managers by the end of next year.

NPS appoints new CIO

The former president of BNK Financial Group, Hyo-Joon Ahn, took over the role Monday.

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