West Palm Beach (HedgeCo.Net)- Australia based hedge fund and global property manager, Goodman Property Investors, is raising funds for a $500 million Asia Pacific fund of funds (FoF).
The new FoF will invest in established real estate funds across Asia, it has a target annual return of 14% and will invest in the traditional office, retail and industrial sectors as well as specialist sectors such as residential.
Andrew Smith, Head of Investment Strategy and Deputy Managing Director of Goodman Property Investors said, "We are launching this product in response to increasing demand from institutional investors for exposure to real estate in the Asia Pacific region."
He said, "This demand reflects both the increasing appetite for cross-border property investment, and the current performance and diversification opportunities the region now offers."
With offices in Australia, Belgium, China, Czech Republic France, Germany, Hong Kong, Hungary, Italy, Japan, New Zealand, Poland, Spain, the Netherlands and the United Kingdom, Goodman Property Investors has over $13.8 billion in assets under management.
Alex Akesson
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