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Laxman Pai, Opalesque Asia: Real estate deal value in Q2 2021 has increased by 103% compared to Q2 2020 with transactions totaling $68.3bn compared to $33.6bn a year earlier, said a study.
According to the Q2 2021 Real Estate Quarterly Report published by Preqin, Q2 2021 deal numbers (1,785) have increased by 60% compared to the same time last year (1,114).
There has been a sharp recovery in hotel, mixed-use, and retail deal numbers, with the growth of 253%, 134%, and 117%, respectively, it said.
Meanwhile, aggregate capital raised in Q2 2021 was $18.9bn, down 65% on Q2 2020. The study found that North America accounted for 66% of funds closed in Q2 2021 and 78% of all capital raised.
"13% of investors say they expect to commit to four or more real asset funds over the next 12 months, up from 12% in Q1 2021 and 8% in Q2 2020," said the study.
Preqin said that between January and June 2021 the number of real estate funds in the market increased by 16% (from 1,068 to 1,240), while the amount of capital targeted increased by 15% (from $314bn to $360bn). This increase of funds in the market and the amount of capital targeted continues to sit at record highs.
On top of this, during Q2 2021 there were just 59 funds closed raising an aggregate of $19bn - the weakest in the last five years. To put the Q2 fundraising environment into context, the average number of funds closed between Q1 2016 and Q1 2021 was 123, so Q2's 59 represents less than ha...................... To view our full article Click here
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