Key Takeaways
- • Fund managers held USD244.8 billion in real estate assets under management across Asia-Pacific as of June 30, 2011, representing a 37% year-over-year increase in regional AUM, according to the AsiaProperty/ANREV Asian Fund Managers Survey 2011.
- • The 54 surveyed fund managers collectively managed USD826.7 billion in real estate assets globally, with Asia representing approximately 30% of their total portfolio allocation across 268 non-listed property funds in the region and 722 funds worldwide.
- • Morgan Stanley led the Asia-Pacific real estate fund management landscape with USD29 billion in AUM, followed by Australia's AMP Capital Investors (USD17.9 billion) and Nomura Real Estate Asset Management (USD13.6 billion), signaling continued consolidation through recent M&A activity.
- • ANREV membership expanded to 130 institutional investors across 10 countries, reflecting growing institutional demand for transparency and participation in non-listed Asian real estate vehicles.
Summary
Asian real estate fund managers have significantly expanded their regional presence, with USD244.8 billion in assets under management across the Asia-Pacific market as of mid-2011, according to the latest ANREV research. This figure represents a substantial 37% year-over-year increase in Asia's AUM, demonstrating robust growth in institutional capital deployment to the region's non-listed property sector. The increase reflects both genuine market expansion and increased survey participation, highlighting institutional investors' growing commitment to transparency and engagement with non-listed real estate vehicles across Asia.
The 54 fund managers surveyed manage a combined USD826.7 billion globally, positioning Asia-Pacific as a material allocation representing approximately 30% of their worldwide real estate portfolio. These managers operate 268 non-listed property funds in Asia alongside 722 funds globally, providing institutional investors with diversified exposure across multiple property markets and fund structures. Jeremy Stewardson, ANREV executive director, noted that the survey results underscore both market growth and increased institutional support for transparent real estate investment vehicles in the region.
The competitive landscape shows clear leadership concentration among established players. Morgan Stanley retains the top position as Asia's largest real estate fund manager with USD29 billion in AUM, followed by Australia-based AMP Capital Investors at USD17.9 billion and Nomura Real Estate Asset Management at USD13.6 billion. The survey results indicate emerging shifts in fund management structure resulting from recent mergers and acquisitions, suggesting ongoing industry consolidation and repositioning among major players.
ANREV, the Asian Association for Investors in Non-listed Real Estate Vehicles, now comprises 130 member companies across 10 countries, reflecting the institutional investor base's expanding interest in organized participation and governance within Asia's non-listed real estate sector.
The 54 fund managers surveyed manage a combined USD826.7 billion globally, positioning Asia-Pacific as a material allocation representing approximately 30% of their worldwide real estate portfolio. These managers operate 268 non-listed property funds in Asia alongside 722 funds globally, providing institutional investors with diversified exposure across multiple property markets and fund structures. Jeremy Stewardson, ANREV executive director, noted that the survey results underscore both market growth and increased institutional support for transparent real estate investment vehicles in the region.
The competitive landscape shows clear leadership concentration among established players. Morgan Stanley retains the top position as Asia's largest real estate fund manager with USD29 billion in AUM, followed by Australia-based AMP Capital Investors at USD17.9 billion and Nomura Real Estate Asset Management at USD13.6 billion. The survey results indicate emerging shifts in fund management structure resulting from recent mergers and acquisitions, suggesting ongoing industry consolidation and repositioning among major players.
ANREV, the Asian Association for Investors in Non-listed Real Estate Vehicles, now comprises 130 member companies across 10 countries, reflecting the institutional investor base's expanding interest in organized participation and governance within Asia's non-listed real estate sector.
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