AMP Capital is one of the largest real estate fund managers in the Asia Pacific, with over 50 years’ experience in the sector. We view real estate as a long-term asset class, with some current assets that we have held and managed for up to 50 years. AMP Capital's funds are typically open ended meaning there is no defined holding period for any assets. AMP Capital aims to deliver globally-competitive outcomes for the assets and products we manage over that time. ESG analysis contributes to those outcomes.
AMP Capital has an in-house real estate management model with day-to-day responsibility for funds, assets, properties, and developments.
Our real estate funds have varying client mandates under which AMP Capital makes investment decisions as the responsible entity. All potential property investments are analysed and considered by the real estate investment committee (REIC). There is no major difference in our approach between minority and majority stakes, including for ESG considerations.
For jointly-owned properties, firm co-ownership agreements are in place. These agreements dictate how the co-owners approve property budgets (including capital expenditure), and their voting entitlements on substantive matters. Major decisions usually require unanimous support, ensuring the interests of all investors are fully supported.