Asia Pacific Cities Fund
TH Real Estate has launched an open-ended property fund - the Asia Pacific Cities Fund, which will invest in properties in selected ‘future-proof’ cities across the region.
The fund is the fourth fund in TH Real Estate’s global resilient cities series. It will focus on 17 principal and progressive cities across the region, including the six Australian cities of Sydney, Melbourne, Brisbane, Canberra, Perth and Adelaide.
The fund has also secured its first office asset in Sydney at 183 Clarence Street and TH Real Estate’s parent company, TIAA, has seeded the fund with US $200 million.
“It’s positive to see that Sydney – the nerve centre of Australia’s commercial and financial activities – has led the charge in being home to the fund’s first asset,” Nick Evans, executive director and head of Australia, said.
Note: TH Real Estate has since re-branded globally to Nuveen Real Estate
"We will still have the same people, the same processes, the same offices."
TH Real Estate recently rebranded as Nuveen Real Estate, but the change won't have any real impact on the Asia Pacific Cities Fund available in Australia. Industry Moves speaks with executive director, head of real estate, Australia, Nick Evans about the rebrand, the group's plans for Australia and the global outlook for commercial real estate. He also explains what he loves about the asset class, as well as the four things that keep him up at night.