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.

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.

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