Mingtiandi
Username
Savills IM has put some of its new funding to work buying 241 O’Riordan Street in Sydney’s Mascot area
Savills Investment Management on Wednesday announced the launch of its first pan-Asian fund after a first closing of $117 million.
The Asia Pacific Income and Growth Fund (APACIG) focuses on core-plus investments with a low to medium risk profile, while also incorporating a defined value-add component, with the potential to offer co-investment opportunities, Savills IM said in a release.
The fund will invest in a diverse range of sectors, including offices, industrial, retail and residential, with a target investment volume of $1.2 billion, including a maximum debt ratio of 60 percent at fund level. The newly-appointed head of investment for Australia, Greg Lapham, formerly of Savills IM’s Hong Kong office, will manage the fund with his freshly-installed investment team.
Savills IM launches $1.2b first pan-Asia income and growth fund
Sydney, Australia. Photo by Liam Pozz on Unsplash
May 13, 2021
Real estate investment manager Savills Investment Management (Savills IM) has launched its first pan-Asia income and growth fund with a targeted investment volume of 1 billion euros ($1.2 billion).
The total investment volume will include a maximum debt ratio of 60% at the fund level, Savills IM said in an announcement. The firm has secured the first close for the vehicle, Savills IM Asia Pacific Income and Growth Fund (APACIG), at about 95 million euros ($115 million).
APACIG will focus on core-plus investments, with the potential to offer co-investment opportunities, Savills IM said. The fund targets an IRR in the region of 8-10%, with investments focused on assets including offices, logistics/industrial, retail and residential in Asia Pacific’s developed markets and key gateway cities.
$100,000 Lucky Lotteries win sets Orange womanâs heart thumping! No joke! Toowoomba woman $100,000 richer from latest Lucky Lotteries draw Ormiston woman regrets not answering the phone to $100,000 winning news after Lucky Lotteries win âItâs legendary!â Warragul man welcomes $100,000 Lucky Lotteries win with open arms $100,000 Christmas win a sign of better things to come in 2021 for Penrith man Victoria Point man âfeeling numbâ after discovering $100,000 Lucky Lotteries win Warriewood man struggles to get his head around $100,000 win Second $100,000 Lucky Lotteries win is music to the ears of Denham Court guitarist Queanbeyan dad and daughter don triumphant grins over $102,000 Lucky Lotteries win