Cube looks to frontier Asian real estate

MyanmarCube Capital has launched a real estate fund with multi-country exposure to Myanmar, Mongolia and Vietnam for diversification.

The firm, which is based in London and Hong Kong and has $1.3 billion (€1.03 billion) under management, says select opportunities for development and distressed investing are “abundant” in these markets.

The closed-ended Cube Asia Frontier Fund (CAFF) targets an investment period of 24-36 months and a realisation period of 60 months after that, with a fund capacity of $150 million.

Local market risk is mitigated through the use of self-liquidating structures, such as convertible debt and warrants.

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