Within the Asia Pacific real estate industry the last few years has seen a steady supply of newly launched open end real estate funds, aimed at keeping up with constantly evolving investor demands, and at the same time highlighting the improved maturity of the market and the need for stable returns.

Whilst many fund managers in the region are launching or considering launching these funds, there are considerable structural and operational challenges which need to be navigated, such as valuation, liquidity terms, choice of structure and domicile for effective tax and distribution, fees and use of leverage to name a few.

In response to many questions being raised on these vehicles, PwC and ANREV hosted a round table where ANREV members from a number of fund managers across four locations (Hong Kong, Singapore, Sydney and Shanghai) discussed the opportunities and challenges of managing Asia Pacific open end real estate funds.

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ANREV Professional Standards Committee would like to thank the funds’ managers who have participated in the discussion as well as Paul Walters and Michael Atkinson from PwC, who kindly helped to facilitate the discussion and wrote this paper.

To learn more about this Committee, please click here.