Macquarie is a diverse business offering a range of services including funds management (through subsidiaries), structured finance, development finance, advisory, research, global private equity raising, asset disposal strategies and property securitisation. More than A$23 billion of real estate assets are managed by Macquarie Real Estate and its associates, across a portfolio of listed and unlisted property trusts, unlisted development funds and property investment syndicates, globally.
The business and its associates has more than 500 staff worldwide in 22 locations providing in Asia a wide range of investment products. Its skill set encompasses listed and private equity fund management, equity and debt capital raising, mezzanine financing and real estate investment banking. It is helping to facilitate the institutionalisation of Asian real estate.
Major activities include:
MCO CR-REIT, listed on the Korea Stock Exchange, is Macquarie's first real estate investment trust in Korea and Korea's first by a wholly owned foreign manager. It has significantly outperformed original prospectus projections. Distributions currently represent a yield of over 13% based on cost (circa 9.0%(1) based on current share price)
The Macquarie MEAG Prime REIT is listed on the Singapore Stock Exchange. Macquarie owns 50% of the REIT Manager and Property Manager. The REIT invests in two of Singapore's landmark properties in Orchard Road and seven well located prime retail assets in Tokyo, Japan.
MWREF - one of the first core retail property wholesale funds investing in the People’s Republic of China, comprising nine shopping mall assets in nine cities across China
Macquarie is senior adviser to the Schroder Asian Properties L.P. fund which has held real estate investments throughout Asia of over US$700m but is currently in its investment realisation phase.
Through its associate, First China Property Group and also directly, Macquarie Real Estate has been active for over 10 years in residential property development in China.
Macquarie Goodman Asia (MGA) is a joint venture between Goodman International and Macquarie, specialising in sourcing, acquiring and managing industrial and business space real estate across strategic Asian markets. Headquartered in Hong Kong with over 50 office staff and over 180 site staff, Macquarie Goodman Asia provides a full suite of services including fund and asset management, acquisitions and development management services. Macquarie Goodman Asia currently manages the Macquarie Goodman Hong Kong Wholesale Fund and is undertaking development related new business activities in the Peoples Republic of China.
(1) Based on annualised last announced half year dividend as at December 2006 and share price as at 30 March 2007.
Other than Macquarie Bank Limited ABN 46 008 583 542 (MBL), any Macquarie Group entity noted on this page is not an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). That entity's obligations do not represent deposits or other liabilities of MBL. MBL does not guarantee or otherwise provide assurance in respect of the obligations of that entity, unless noted otherwise.
MBL does not carry on banking business in Singapore, does not hold a license under the Banking Act, Chapter 19 of Singapore and therefore is not subject to the supervision of the Monetary Authority of Singapore.
