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Dear APREA Members,
It is a great pleasure to provide this annual update on APREA. Our activities this past year were set against the backdrop of improving global capital markets, mounting global efforts to combat climate change, a slow recovery in China alongside a resilient Asia Pacific economy. While there remains much uncertainty, the outlook for the Asia Pacific region's economy this year is relatively solid, and there are exciting opportunities ahead: opportunities to spread the benefits of securitization to more markets; opportunities to share best practices and advance the green transition; and of course, more opportunities to connect in APREA’s growing cross-border platform. APREA has a vital role to play in enabling members to seize these opportunities – and in doing so, to make the real assets industry more competitive, more sustainable, and more resilient.
Value creation is at the heart of APREA’s activities. As part of APREA’s multistakeholder approach, we engage a diverse real assets community to identify opportunities, drive impact, and advance cooperation, with the mission of promoting real estate and infrastructure investments. It is an approach that, despite headwinds affecting parts of the industry, has delivered another year of increased membership. Specifically, APREA onboarded over 20 new corporate members in 2024, with notable expansion in the LP network which now includes family offices, especially in Singapore. Concurrently, APREA reported strong partnership growth, allowing for deeper engagement with members.
The organization is also evolving to deliver on its mission, serving as architects of opportunity for its stakeholders. In 2024, APREA’s events served as a platform for dialogue and solutions, bringing together the diverse perspectives of over 1,000 global leaders and experts in the real assets industry. The company further expanded its investor outreach with more curated study tours of select cities in Asia Pacific.
As REITs grappled with low valuations and share prices, APREA’s exclusive REIT forums and roundtables, as well as consultations with government regulators, were critical in responding to those challenges and reviving momentum. Additionally, we brought the latest thinking on resource stewardship through the curation of varied ESG-related in-person sessions across the region. This work has involved extensive collaboration with key stakeholders including our ESG partners: GRESB, International Finance Corporation (IFC), Stewardship Asia, and the U.S. Green Building Council.
As an industry champion, APREA acts as a catalyst for thought leadership and action. Among the most high-profile publications of the past year was the launch of the APREA Decarbonisation Playbook, showcasing robust decarbonisation protocols and frameworks that are supported by case studies. This is a key milestone for APREA as this underscores our role in guiding the industry toward achieving net-zero goals and embracing sustainability, as well as encouraging global collaboration in an era of fragmentation. Other proprietary publications including TrendWatch, Knowledge Brief, and Market Flash have also transformed into an important repository of big ideas, innovation, and action to tackle the industry’s most pressing challenges and investment opportunities.
Since 2005, APREA has expanded membership across the region, giving it the scale and global footprint to effectively serve its clients’ international footprint. The result is a global real assets industry trade body that has now reached its 20th year. Indeed, this annual report outlines how, in a changing world, APREA is adapting to ensure that its own initiatives, toolkits, and governance can meet the needs of its growing membership. Through coalition-building, cross-sector coordination, and year-round activities in 12 cities across Asia Pacific with a theme of Building the Real Assets Future Together this year, APREA provides an essential platform for its members and partners to connect, collaborate, learn, and grow.
I am excited about the positive momentum that APREA has built over the years. We have a vision that is working, which we can build on and accelerate. For 2025, our focus is on driving continued progress toward our strategic priorities, further expanding our global platform, and actively engaging with our stakeholders to ensure that we deliver value to them.
I am enormously grateful to the APREA team for their hard work and exceptional collaboration that delivered another year of membership growth. I extend my gratitude to the Board led by Chairman John Lim and over 100 members serving APREA’s local chapter boards and committees, whose support and counsel have been valuable and deeply appreciated. I am also thankful to all our members and partners for the trust they place in us each and every day.
As we usher in the Year of the Snake, we would like to wish you all abundant success, good fortune, and endless opportunities. Thank you for letting us be a part of your journey.
Sincerely,
Sigrid G. Zialcita
CEO, APREA
