redirect pin user minus plus fax mobile-phone office-phone data envelope globe outlook retail close line-arrow-down solid-triangle-down facebook globe2 google hamburger line-arrow-left solid-triangle-left linkedin play-btn line-arrow-right solid-triangle-right search twitter line-arrow-up solid-triangle-up calendar globe-americas globe-apac globe-emea external-link music picture paper pictures play gallery download rss-feed vcard

Fund Termination Extended

Asia Pacific Major Report | March 2016

In 2014, CBRE released The Great Wave of Fund Expiration, a special report which predicted that there will be wave of expirations of Asia Pacific-focused private equity real estate funds in 2015-2016. CBRE data shows that there are strong fund disposal activities in 2015 stood at US$25.5 billion, a figure 37% higher that the five-year average of US$18.7 billion.

However, of the 50 funds CBRE Research estimated would expire in 2015 and 2016, only 22% terminated as planned. Most funds opted to either extend their fund life or are still reviewing their exit strategies. Some fund managers have disposed of the more saleable assets in their portfolios, particularly those in highly liquid markets such as Japan and Australia.

Assets in less liquid markets such as China have proven to be more challenging to dispose of. CBRE Research has found that at least one third of outstanding assets to be disposed of in Asia Pacific are in China. Most are located in lower-tier cities.

This CBRE Research infographic provides an update on fund expirations in Asia Pacific; analyses market conditions and key risks in major markets; and provides recommendations for fund managers as to what they should do with the remaining assets in their portfolio.


Infographics


2016 Fund Termination Extended

Contacts


Henry Chin, Ph.D
Head of Research
Asia Pacific
+852 2820 8160
Email

Ada Choi, CFA
Senior Director
CBRE Research, Asia Pacific
+852 2820 2871
Email

Rosanna Tang
Associate Director
CBRE Research, Asia Pacific
+852 2820 2806
Email

Nick Crockett
Executive Director
Capital Advisors, Asia Pacific
+65 6229 1136
Email

Leo Chung, CFA
Manager
CBRE Research, Asia Pacific
+852 2820 1527
Email

 


APAC Funds Series: 2016 Fund Termination Extended

APAC Funds Series: 2014 The Great Wave of Fund Expiration