IREIFS allocates $500m for Australasian investments

The news comes a week after the firm announced it would be increasing its exposure to Asia in response to increased activity in the region.

"The motivation behind that decision is that we believe the US economic recovery will still take another five to six years, so we're targeting stable regulatory nations like Australia and New Zealand as part of our broader Asian growth strategy," Pat Collins, IREIFS' global managing director, told The Wall Street Journal.

Collins added that IREIFS' own analysis indicates that the Australian banking system is going to shrink its lending by around $100 billion in the coming year providing a "huge opportunity" for private investment. He added that a three-to-one leverage ratio could see IREIFS involved in deals worth a combined $2 billion.

The Paris-headquartered firm last week announced it would expand its presence in Southeast Asia by upgrading its offices in Thailand and Singapore. The firm had reopened its Bangkok office only last year following a six-year absence caused by political and economic tensions in Thailand.

IREIFS is also looking at real estate and venture capital deals in India, working with Ajcon Global Services.

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• Topics
• Southeast Asia
• Investments
• Australasia
• South Asia
• IREIFS
• Australia
• New Zealand
• India