The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Morley and ABP the latest investors in China

Morley Fund Management is the latest European investor to move into the Chinese property market.

It has launched a $2 billion Asian real estate fund and has plans to invest up to $10 billion in the next four years.

This follows ABP’s arrival in the region with a new Hong Kong office in March. Europe’s largest pension fund is seeking investments in the region, focusing on non-listed property and infrastructure.

Other names in the market include Macquarie, which has invested $135 million in shopping centre developments across nine Chinese cities via its Wanda commercial property fund.

Morley is running its new fund from Singapore under Andrew Peacock, who will look to build a team and establish a multi-manager business with the support of analyst Guy Cawthra.

The initial $2 billion has come from Morley’s parent, UK insurance company Aviva. Half of that will be invested in Japan and half will be spread between China, South Korea and India.

The fund manager plans to form a series of joint ventures across Asia, with the first one in Japan just announced. Mitsubishi UFJ Trust and Banking Corporation is joining up with Morley in a $500 million venture and will make a first investment in a Tokyo central district office.

The first target is institutional funds, with retail investors to follow.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree