Macquarie Asset Management closes $1.9bn real estate fund; eyes Japan

James Kemp, head of real estate, Apac, MAM, told FA that in Japan there is an undersupply of modern logistics space and an emergence of new logistics hubs in response to limits to the driving time of truck drivers.

Andrew Tjaardstra

June 25, 2024

Macquarie Asset Management MAM has closed of Macquarie Real Estate Partners MREP, an opportunistic real estate fund with approximately $1.9 billion of equity to deploy under a global strategy.

MREP is the second vehicle in MAM's real estate’s opportunistic fund series, following the Asia Pacific opportunistic real estate partnership MREP Asia 1, which closed in 2021 and is now deployed across developed markets in the region.

One of MREP's investments is in Unified Industrial UI, which has properties in both Japan and China.

James Kemp, head of real estate, Apac, MAM, told FinanceAsia “We have been...

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