SEB Asset Management launches Asian real estate fund duo
DGAP-News: SEB Asset Management AG / Key word(s): Funds/Real Estate
SEB Asset Management launches Asian real estate fund duo
25.01.2012 / 14:36
---------------------------------------------------------------------
New funds highlight expertise in providing customised solutions for
institutional investors
SEB Asset Management has expanded its offering for institutional investors
and high net worth individuals with two new Asian real estate funds. SEB
Asian Property II and SEB Asia REI give investors the opportunity to invest
in pan-Asian real estate portfolios, while benefiting from the expertise
and experience of an established asset manager in the region.
SEB Asset Management has an eight-strong team in Singapore and has already
successfully established a special fund under Luxembourg law focusing on
Asian real estate, SEB Asian Property Fund. The transaction volume
generated by Asian real estate since 2006 amounts to the equivalent of more
than EUR 2.2 billion.
SEB Asset Management is building on this strong foundation and taking
account of investors' differing requirements with two new real estate
funds. Investors have shown great interest in the two vehicles, with EUR
100 million in funds already firmly committed. The total investment volume
for each fund is up to EUR 1.2 billion, with a debt ratio of 50 percent in
each case.
SEB Asia REI pursues a core/core plus strategy with no restriction on
duration. The average target return (BVI) is eight percent per year; an
average annual distribution of five percent is planned.
The Fund is particularly suited to German institutional investors that are
subject to the Versicherungsaufsichtsgesetz (VAG - German Insurance
Supervision Act), as the investment counts towards the real estate quota
for restricted assets. Foreign entities that are subject to similar
regulations are also core target investors. 'SEB Asia REI gives
institutional investors the opportunity to share in the performance of the
Asia-Pacific real estate markets through the familiar structure of a
special fund under German law,' explains Siegfried A. Cofalka, the SEB
Asset Management AG Managing Board member responsible for the institutional
real estate business. The minimum investment amount is EUR 20 million.
The Fund makes long-term, cash flow-oriented investments in office, retail,
logistics and residential properties. It primarily acquires existing
fully-leased properties, but it can also invest in development projects via
forward deals, with the Fund only acquiring ownership of the property once
it has been completed and leased. Geographically, the portfolio allocation
is focused on China, Japan, Singapore and South Korea.
SEB Asian Property II pursues a core plus/value added strategy. The Fund
aims to generate an IRR of 12 percent per year over a duration of eight
years through active asset management and well-timed, targeted purchases
and sales. In addition to private banks, asset managers, family offices and
foundations, the Fund is geared towards international investors, in
particular. The minimum investment amount for the Fund is EUR 15 million.
The investment focus is on office, retail, industrial and residential
properties in China, Japan and selected locations in Singapore and South
Korea. The allocation to development projects is limited to a maximum of 40
percent.
Economic powerhouse with growth potential
'Not only is the Asia Pacific region the world's fastest-growing region and
likely to represent a larger proportion of global economic output than
Western Europe and North America together by the start of the next decade,'
says Choy-Soon Chua, Managing Director responsible for real estate
investment at SEB Asset Management, 'the mix of mature markets like Japan
or Singapore and emerging economies such as China also presents a large
number of investment opportunities.'
Ongoing high population growth, progressive urbanisation and increasing
affluence is pushing up demand for residential and retail properties in
many Asian countries. However, supply is restricted in some submarkets,
increasing the risk of price bubbles and their reversals. 'This means that
extensive market expertise and a strong foothold in the market are
particularly crucial for successful investment in Asia,' says Choy-Soon
Chua. 'We offer investors both.'
Press contact
SEB Asset Management
Brigitte Schroll, Head of Communications
Phone: +49 69 27299-1502
E-Mail: presse@sebam.de
Twitter: twitter.com/seb_am
SEB Asset Management
Karolin Sulzer, Press Officer
Phone: +49 69 27299-1503
E-Mail: presse@sebam.de
Twitter: twitter.com/seb_am
SEB Group
SEB is a leading Nordic financial services group. As a relationship bank,
SEB in Sweden and the Baltic countries offers financial advice and a wide
range of other financial services. In Denmark, Finland, Norway and Germany
the bank's operations have a strong focus on corporate and investment
banking based on a full-service offering to corporate and institutional
clients. The international nature of SEB's business is reflected in its
presence in 20 countries worldwide. On 30 September 2011, the Group's total
assets amounted to SEK 2,359 billion (~EUR 255 bn) while its assets under
management totalled SEK 1,241 billion (~EUR 134 bn). The Group has about
17,600 employees. Read more about SEB at www.sebgroup.com.
SEB Asset Management Germany
SEB Asset Management (SEB AM), Frankfurt, is the SEB Group's specialist
investment house in Germany for actively managed securities and real estate
investment funds. As part of the Group's Wealth Management division, which
comprises over 1.000 employees and has SEK 1,174 billion (around EUR 127
bn) in assets under management, SEB AM offers global expertise in
traditional and innovative asset classes and various investment styles. Its
investment strategy features active management in small, specialist
investment teams. By combining global and local knowledge, SEB offers
institutional and retail clients investment solutions with a broad range of
risk/return profiles.
In Germany, the fund management company has a clearly structured offering
comprising mutual and special funds complemented by client-specific
investment solutions and asset management mandates. As part of SEB's
international network, SEB AM has positioned itself as a specialist for
global real estate management and risk-adjusted investment concepts for
European bonds, multi-assets strategies and European value shares. SEB AM
has been one of the leading real estate fund managers for many years. Since
2005, it has had an M2 Real Estate Manager rating from Fitch, the best
rating category awarded in Germany.
End of financial news
---------------------------------------------------------------------
25.01.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
153943 25.01.2012
DGAP-News: SEB Asset Management AG / Key word(s): Funds/Real Estate
SEB Asset Management launches Asian real estate fund duo
25.01.2012 / 14:36
---------------------------------------------------------------------
New funds highlight expertise in providing customised solutions for
institutional investors
SEB Asset Management has expanded its offering for institutional investors
and high net worth individuals with two new Asian real estate funds. SEB
Asian Property II and SEB Asia REI give investors the opportunity to invest
in pan-Asian real estate portfolios, while benefiting from the expertise
and experience of an established asset manager in the region.
SEB Asset Management has an eight-strong team in Singapore and has already
successfully established a special fund under Luxembourg law focusing on
Asian real estate, SEB Asian Property Fund. The transaction volume
generated by Asian real estate since 2006 amounts to the equivalent of more
than EUR 2.2 billion.
SEB Asset Management is building on this strong foundation and taking
account of investors' differing requirements with two new real estate
funds. Investors have shown great interest in the two vehicles, with EUR
100 million in funds already firmly committed. The total investment volume
for each fund is up to EUR 1.2 billion, with a debt ratio of 50 percent in
each case.
SEB Asia REI pursues a core/core plus strategy with no restriction on
duration. The average target return (BVI) is eight percent per year; an
average annual distribution of five percent is planned.
The Fund is particularly suited to German institutional investors that are
subject to the Versicherungsaufsichtsgesetz (VAG - German Insurance
Supervision Act), as the investment counts towards the real estate quota
for restricted assets. Foreign entities that are subject to similar
regulations are also core target investors. 'SEB Asia REI gives
institutional investors the opportunity to share in the performance of the
Asia-Pacific real estate markets through the familiar structure of a
special fund under German law,' explains Siegfried A. Cofalka, the SEB
Asset Management AG Managing Board member responsible for the institutional
real estate business. The minimum investment amount is EUR 20 million.
The Fund makes long-term, cash flow-oriented investments in office, retail,
logistics and residential properties. It primarily acquires existing
fully-leased properties, but it can also invest in development projects via
forward deals, with the Fund only acquiring ownership of the property once
it has been completed and leased. Geographically, the portfolio allocation
is focused on China, Japan, Singapore and South Korea.
SEB Asian Property II pursues a core plus/value added strategy. The Fund
aims to generate an IRR of 12 percent per year over a duration of eight
years through active asset management and well-timed, targeted purchases
and sales. In addition to private banks, asset managers, family offices and
foundations, the Fund is geared towards international investors, in
particular. The minimum investment amount for the Fund is EUR 15 million.
The investment focus is on office, retail, industrial and residential
properties in China, Japan and selected locations in Singapore and South
Korea. The allocation to development projects is limited to a maximum of 40
percent.
Economic powerhouse with growth potential
'Not only is the Asia Pacific region the world's fastest-growing region and
likely to represent a larger proportion of global economic output than
Western Europe and North America together by the start of the next decade,'
says Choy-Soon Chua, Managing Director responsible for real estate
investment at SEB Asset Management, 'the mix of mature markets like Japan
or Singapore and emerging economies such as China also presents a large
number of investment opportunities.'
Ongoing high population growth, progressive urbanisation and increasing
affluence is pushing up demand for residential and retail properties in
many Asian countries. However, supply is restricted in some submarkets,
increasing the risk of price bubbles and their reversals. 'This means that
extensive market expertise and a strong foothold in the market are
particularly crucial for successful investment in Asia,' says Choy-Soon
Chua. 'We offer investors both.'
Press contact
SEB Asset Management
Brigitte Schroll, Head of Communications
Phone: +49 69 27299-1502
E-Mail: presse@sebam.de
Twitter: twitter.com/seb_am
SEB Asset Management
Karolin Sulzer, Press Officer
Phone: +49 69 27299-1503
E-Mail: presse@sebam.de
Twitter: twitter.com/seb_am
SEB Group
SEB is a leading Nordic financial services group. As a relationship bank,
SEB in Sweden and the Baltic countries offers financial advice and a wide
range of other financial services. In Denmark, Finland, Norway and Germany
the bank's operations have a strong focus on corporate and investment
banking based on a full-service offering to corporate and institutional
clients. The international nature of SEB's business is reflected in its
presence in 20 countries worldwide. On 30 September 2011, the Group's total
assets amounted to SEK 2,359 billion (~EUR 255 bn) while its assets under
management totalled SEK 1,241 billion (~EUR 134 bn). The Group has about
17,600 employees. Read more about SEB at www.sebgroup.com.
SEB Asset Management Germany
SEB Asset Management (SEB AM), Frankfurt, is the SEB Group's specialist
investment house in Germany for actively managed securities and real estate
investment funds. As part of the Group's Wealth Management division, which
comprises over 1.000 employees and has SEK 1,174 billion (around EUR 127
bn) in assets under management, SEB AM offers global expertise in
traditional and innovative asset classes and various investment styles. Its
investment strategy features active management in small, specialist
investment teams. By combining global and local knowledge, SEB offers
institutional and retail clients investment solutions with a broad range of
risk/return profiles.
In Germany, the fund management company has a clearly structured offering
comprising mutual and special funds complemented by client-specific
investment solutions and asset management mandates. As part of SEB's
international network, SEB AM has positioned itself as a specialist for
global real estate management and risk-adjusted investment concepts for
European bonds, multi-assets strategies and European value shares. SEB AM
has been one of the leading real estate fund managers for many years. Since
2005, it has had an M2 Real Estate Manager rating from Fitch, the best
rating category awarded in Germany.
End of financial news
---------------------------------------------------------------------
25.01.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
153943 25.01.2012