Almost $20bn (£10.2bn) of real estate funds are to be launched this week as equity raising for property investment shows no sign of slowing, in spite of apparent difficulties in global property markets.

MGPA, the London-based private equity real estate investor part-owned by Australia's Macquarie Bank, has closed its third real estate fund with total equity commitments of $5.2bn. When borrowings are added to the fund, they would take its potential spending power to more than $15bn.