MACARTHURCOOK's latest offering to United States investors, RAsia Real Estate Fund, is set to list on the American Stock Exchange after raising $US95 million.
Managing director Craig Dunstan said the successful launch is testimony to MacarthurCook’s knowledge and experience of the Asian real estate markets.
“MacarthurCook is carving out a reputation across North America as a leading fund manager in
“In the past six weeks MacarthurCook has been involved in the successful listing of three funds on three different exchanges around the world,” he added.
Dunstan said the RAsia Real Estate Fund was MacarthurCook’s second investment mandate with Rin the
“Exactly one year ago today, we launched the RAsia Pacific Real Estate Fund with Rinvesting in Asia Pacific real estate securities. That fund has generated returns of over 40% for its investors over the past year,” he said.
The initial public offering of the RAsia Real Estate Fund was managed jointly by RBC Capital Markets and Wachovia Securities.
The RAsia Real Estate Fund will be the third IPO for group, which last month launched the MacarthurCook Asian Real Estate Securities Fund the MacarthurCook Industrial REIT on the Australian and Singapore Stock Exchanges respectively.
Australian Property Journal
