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HONG KONG (Reuters) - U.S.-based investment firm KKR & Co said on Thursday it had closed its first fund targeting real estate investments in Asia Pacific at $1.7 billion.
The announcement comes days after KKR closed its inaugural Asia infrastructure fund, as the private equity powerhouse expands its platforms in the region.
John Pattar, KKR head of real estate Asia, told Reuters the new fund would focus on Asia’s urbanization trends, corporate carve-outs of non-core real estate assets in Japan and also take-private opportunities in markets including Australia, Singapore and Japan.
“Increased domestic consumption, productivity and urbanization – combined with the acceleration of e-commerce and platform-based businesses and the evolution of the traditional office landscape – is fundamentally reshaping the region’s real estate sector,” he said.
KKR closes first Asia Pacific fund for real estate investments at $1.7b
Photo: Reuters Premium
US-based investment firm KKR & Co said on Thursday it had closed its first fund targeting real estate investments in Asia Pacific at $1.7 billion.
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