TH Real Estate Asia Pacific Cities Fund
TH Real Estate has launched an open-ended property fund - the TH Real Estate 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.