Dutch Bouwinvest to invest US$1.7bn in Asia Pacific by 2021

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Dutch investment manager Bouwinvest Real Estate Investors plans to deploy €1.5bn (US$1.7bn) into Asia Pacific’s real estate markets by 2021 after opening its first overseas office in Australia.

Bouwinvest Real Estate Investors, which has €11.3bn of assets under management, opened an office in Sydney to strengthen its presence in the region, the company said in an announcement.

The company completed €300m worth of transactions in Asia Pacific last year.

The firm recently acquired a 50% stake as a founding investor in a €155m residential-for-rent portfolio in Tokyo, and has co-invested in a Hong Kong retail portfolio and a prime logistics site in Singapore.

Bouwinvest has also invested in a partnership targeting student housing in Australia, as well as a club deal focused on residential-for-rent properties in Shanghai.

“Bouwinvest is working towards a balanced and diversified global real estate portfolio, with a target 40% of our total AUM in international assets and 60% in our domestic funds in the Netherlands,” said Stephen Tross, Bouwinvest CIO international investments.

The business plans to grow its total AUM to about €15bn by 2021. It will open a second international office in New York later this year.

Bouwinvest APAC director Tjarko Edzes, who joined the company in 2014, has relocated to Sydney to lead the new office.