Fund managers have real estate assets worth $761 billion worldwide, out of which the Asia Pacific region accounts for $178.6 billion, a survey by Hong Kong-based Asian Association for Investors in Non-listed Real Estate Vehicles (ANREV) said.
According to the AsiaProperty/ANREV Asian Fund Managers Survey 2010, the 48 fund managers who responded to the survey manage $761 billion of real estate assets worldwide, of which $178.6 billion is in Asia.
The said fund managers run 188 non-listed funds in Asia and 763 indirect vehicles globally.
Morgan Stanley has retained its position as the largest real estate fund manager in Asia, with assets under management of $19.5 billion.
Singapore's CapitaLand Financial is the second largest fund manager in the Asia Pacific region, which manages $16 billion, followed by Australia's AMP Capital Advisors with $12.4 billion.
Meanwhile, the fund manager with the largest global holdings is ING Real Estate Investment Management with $87.1 billion of real estate assets under management worldwide, of which $10.4 billion is in Asia Pacific.
The survey also found that 83.6 per cent of investors in non-listed real estate funds were institutional investors with only 8 per cent of investment coming from retail players.
Pension funds, comprising 43 per cent of the total investment, were the single largest Institutional investors, according to the survey.
The second annual survey was carried out by ANREV in partnership with AsiaProperty.
"This annual survey gives us a clearer picture of the size and composition of the fund manager market in Asia. It also adds to the transparency of the market on an individual level with investors and fund managers able to understand more about the main players in the market," ANREV Executive Director Jeremy Stewardson said.
