Norwich Union prepares Pan-Asian bricks and mortar fund

Norwich Union is preparing a Pan-Asian bricks and mortar vehicle for launch in September. The Asia...

Norwich Union is preparing a Pan-Asian bricks and mortar vehicle for launch in September. The Asia Pacific Property Oeic will initially invest across Japan, Singapore, Hong Kong and Australia and will be seeded with around £100m at outset Head of external property funds at the group Chris Laxton highlighted the diversification opportunities the region presents, along with high levels of liquidity and transparency. "Asia has huge potential from a structural point of view," he added. Morley’s head of Asian property business Nick Ridgewell will oversee the portfolio, although the group ...