| Non-listed real estate funds raised $5.1 bn (EUR 3.9 bn) globally in August, with Asia seeing an increasing share of the action, according to data published by Indirex. Indirex, an on-line community for indirect real estate, said 32 new fund raisings were announced for August, with 25 relating to new equity commitments. Over 40% of the cash raised is destined for Asian markets.
Australia's Colonial First State Global Asset Management Property announced it had raised more than AU$547 mln (EUR 437 mln) from six domestic and institutional investors for its CFSGAM Property Enhanced Retail Fund (CERF). The original target was A$500 mln...............................................Full Article: Source |