Jun
05
AEW Capital Management Closes Asia-Pacific Fund
ByThe Boston-based company has closed its second pan-Asia investment fund with $640 million in commitments.
David Schaefer, AEW Asia
Asia-Pacific—AEW Capital Management has closed its second pan-Asia value-added fund, AEW Value Investors Asia II LP, with commitments totaling $640.2 million, including $50 million of client co-investment capital.
“Our target gateway cities have strong underlying growth and this leads to good absorption and rental growth. They are also highly liquid, meaning healthy transaction levels in commercial real estate,” David Schaefer, AEW’s head of Asia, told Commercial Property Executive. “By focusing on well located office assets we are able to take advantage of demand by repositioning for higher rents and leasing vacant space to create core assets. On the retail front, necessity vs. luxury is a strong play given rising incomes and middle class urban populations…
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