COLONIAL First State Global Asset Management yesterday confirmed it is pursuing opportunities to set up a pan-Asian retail property fund.
CFS Retail Property Trust said the trust was looking at establishing a fund, but rather the property and alternative investments division of Colonial First State Global Asset Management is investigating the possibility of setting up a pan-Asian retail property fund.
Expected to launch in the next 18 months, the fund’s main focus would be
The planned fund will be a natural progression CFSGAM, after Colonial First State Property Management teamed up with Jones Lang LaSalle earlier this month to start up, Sandalwood, a retail property management company in
Sandalwood is targeting the retail property markets of
The fund is looking to take advantage of robust growth and increasing wealth in the region.
Australian Property Journal
