KKR looks to Singapore as key investment market for new US$1.7b Asia real estate fund

Singapore

INVESTMENT firm KKR, which recently closed a US$1.7 billion fund, has set its sights on Singapore as one of the core markets for the fund which is targeting real estate investments in the Asia-Pacific.

With the city-state on the path to recovery, KKR's head of Asia-Pacific real estate, John Pattar, expects to gain exposure to the Singapore market within the next two years, with an eye on the office and retail sectors here. Some 10-15 per cent of the US$1.7 billion raised under the KKR Asia Real Estate Partners (AREP) fund could be a reasonable amount to deploy in Singapore, although he stresses this is not set in stone.