PE funds to invest $14b in local realty

China will probably receive $14 billion of capital within the next three years, being the top recipient of real estate private equity capital in Asia Pacific, research from international real estate service provider CBRE showed.

With an improved fundraising environment and investors being lured back to real estate in Asia Pacific, an estimated $53 billion of real estate private equity capital will be deployed into this asset class by 2020, according to CBRE.

CBRE Research data show that $42 billion in capital was raised by Asia Pacific-focused closed-end real estate funds between 2014 and the third quarter of 2017, which translates to around $116 billion (post-leverage) of purchasing power.