Sydney-based Macquarie has secured $850 million in equity commitments for the fund for the new real estate fund focussed on APAC. The asset manager has invested over $12 billion in APAC real estate since 2012 and makes the move as the Covid-10 pandemic has sped up development trends.

According to Brett Robson, head of real estate at Macquarie, “Global mega-trends, including shifting demographics, digitalisation, and urbanisation, are driving the need for development and investment. The market dislocation we’ve seen over the past 18 months has acted as an accelerator in many areas, creating opportunities across Asia-Pacific.”