Mallesons has advised Invista Real Estate Investment Management in its closure of the BOSS Partnership ILP, a new property fund valued at about $US85 million ($95.45 million).
The transaction was the result of a collaborative effort between the firm's Sydney and Hong Kong offices.
Mallesons partner John Sullivan said the BOSS fund is one of the first Asian funds of this type to be created since the global financial crisis. And he believes it will not be the last.
"There are good signs that we will see an increase in new fund activity in the region over the next 12 months. After a difficult period, the market now seems to be opening up for real estate funds regionally. We anticipate continued focus on mature markets with perceived lower risk such as Singapore and Hong Kong. Similarly, we expect continued strong interest in Australia from property investors elsewhere in Asia," he said.