Private equity real estate funds have money burning a hole in their pockets after amassing a record $18.6 billion last year for Asian deals. It was the only region in the world to show an uptick in fundraising.
BPE Asia Real Estate was one of six funds to raise over $1 billion last year, but rather than rushing to put capital to work, counter-intuitively it is holding fire.
The US-China trade war, higher interest rates and China’s economic slowdown are clouding the outlook for property prices across the Asia Pacific region.
“Could it be a perfect storm That’s one of the reasons...
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