New York-based investment firm KKR closes first Asian real estate fund at US$1.7 billion

New York-based investment firm KKR closes first Asian real estate fund at US$1.7 billion

New York-based investment firm KKR closes first Asian real estate fund at US$1.7 billion


Global investment firm KKR said on Thursday that it had closed its first Asia-Pacific property fund at US$1.7 billion.The fund, called KKR Asia Real Estate Partners (AREP), will invest in commercial, industrial and residential properties, and will opportunistically evaluate assets in emerging alternative sectors. It can buy equity and debt in both emerging and developed markets.“Increased domestic consumption, productivity and urbanisation – combined with the acceleration of e-commerce and…

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