Asia Pacific Property Funds Step Up Disposals: CBRE

Asia Pacific focused private equity real estate funds disposed of 310 assets valued at a total of US$25.5 billion in 2015 which is 37% higher than the five-year average of US$18.7 billion, according to CBRE research.

CBRE said that fund managers were most active in Japan, with the country accounting for 51% of the total assets sold via funds.

Australia was the second most active market with 24% of fund dispositions followed by China with 9%.

CBRE said the office and retail sectors accounted for the bulk of sold assets with over 80% of the disposals.

Of the 50 funds CBRE estimated to expire in 2015 and 2016, 49% extended their fund life and 24% are still reviewing their exit strategies. Only 22% of the funds terminated as planned.

Among the remaining assets for sale, there are 430 properties which remain to be disposed from real estate funds.