Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Canadian pensions raise stakes in Apac real estate

Asia Pacific now accounts for about a quarter of outbound allocations by Canadian investors, up from just 10% between 2015 and 2019, according to a June 21 report by Real Capital Analytics (RCA) – and much of that outflow has been captured in regional real estate.

This is part of an overall trend of Canadian investors diverting their attention outside North America, with around half of outbound allocations leaving the continent since 2020.

“Five of the top eight Canadian investors in the [Asia Pacific] region since 2016 [have been] pension funds. By contrast, US and European presence in Asia Pacific real estate tends to derive from a wider variety of sources, with banks, investment managers, and insurance companies among the major players,” said Benjamin Chow, head of analytics, Asia Pacific at RCA.

Established players that had been around since the global financial crisis, such as CPP Investments Board (CPPIB), and Brookfield, steadily grew their teams on the ground in the mid-2010s, according to Chow.

Canadian investors overall have been growing their exposure to Asia Pacific real estate sectors over the past few years, especially with a focus on India, China and South Korea.

As of March 31, 2021, CPPIB had C$134 billion ($109 billion) of net assets in Asia Pacific (including Japan and Australia), representing 27% of its overall assets under management (AUM).

Read more @Asian Investor

282 views