Local managers lead the way on Asia property

The private equity real estate market in Asia is coming to be dominated by fund managers based in the region, a trend that points to the growth of the local industry, says research house Preqin. Asia-based asset managers, raising capital for strategies focused on the region, represented 92% of 2016 fundraising for the year to the end of August, according to data released by the firm yesterday. They also account for the bulk of recent private real estate deal activity in the region…