Real estate AUM hit $316b in 2019
Australian asset managers’ total real estate assets under management (AUM) hit $316 billion in 2019, with Goodman Group’s topping the list with $52 billion in AUM, according to a survey released jointly by investor associations ANREV, INREV and NCREIF.
The ‘Fund Manager Survey’ found Charter Hall came second ($38.9 billion) in Australia’s largest real estate fund managers’ list in 2019, after a major jump from fifth place in 2018’s survey, and was followed by Leandlease ($36.5 billion).
However, the study found that if ranked on their real estate AUM earmarked for Asia Pacific, which included Australia and the rest of the region, Charter Hall led the Aussie mangers’ ranking with $38.9 billion, and was followed by Goodman Group with $35 billion and Lendlease with $34 billion.
In the global ranking of fund managers by Asia Pacific real estate AUM, Charter Hall and Goodman Group ranked fifth and sixth respectively.
Amélie Delaunay, director of research and professional standards at ANREV, said domestically, Australian real estate enjoyed strong fundamentals in 2019 in sectors such as office and logistics and benefitted from renewed optimism about Australia’s economic outlook.
“COVID-19, however, has created significant uncertainty in the real estate market, which if prolonged could risk a major devaluation of assets,” she added.
“While the impact on the real estate industry in Australia is yet to be fully seen, investors globally have consistently ranked the country their top investment destination over the years on the back of strong fundamentals, making it an important component in long-term investors’ portfolio and source of diversification.”
Performance of the Charter Hall Direct Office Fund versus S&PASX 200 AREIT index over four months to 31 May 202
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