INVESCO Real Estate expands presence in Far East (UK)

INVESCO Real Estate has announced the expansion of its existing presence in the Far East with the opening of two additional real estate offices in Shanghai and Tokyo and the appointment of four local real estate professionals, with an average of 15 years' experience, to manage the firm's development within the region.

This brings to three the number of offices the real estate arm of INVESCO has opened in this region within the past year, which began with the opening of the Hong Kong office in 2006. The expansion is a result of increasing interest from foreign institutional investors looking to invest in the region and also local investors increasingly looking for overseas opportunities.

Cheng-Soon Lau, Managing Director of INVESCO Real Estate Asia, commented, "The engagement of these key professionals reflects INVESCO Real Estate's commitment to building a real estate investment management capability in Asia. These local experts, who have long track records in the industry, bring experience over the full cycle of real estate investing from acquisitions through to realization of investments and disposals."

Andy Rofe, Managing Director of INVESCO Real Estate Europe, added, "The expansion of our real estate presence in Asia cements our commitment to providing a truly global, cross-border service of our clients based on local knowledge and expertise backed by global expertise."

The appointments in Asia include:

  • Peter NG Hing Wing – Director and Head of China
    Peter has over 15 years of experience in real estate in China and has previously worked with Cheng-Soon Lau on two large residential development projects in Shanghai in the mid 1990s. He was responsible for the acquisition of the now iconic 3 on the Bund building in Shanghai in 1995 and has extensive pan-China entrepreneurial experience.
  • YU Kai Yan - Investment Director of acquisitions, Shanghai
    Kai Yan has more than 20 years' experience in construction and real estate. He has developed more than 2,300 residential units in Shanghai and has worked in the Middle East, Singapore and China. He has a Bachelor in Engineering (Architecture and Structural Engineering) and a MBA from TsingHua University in Beijing, PRC.
  • Shawn WU, who joins the Shanghai team as an analyst, has previous experience in real estate conducting market research, developing investment proposals and marketing real estate projects. He has a Bachelor of Economics (Real Estate) from Fudan University in Shanghai, PRC.
  • Ryukichi NAKATA - Director and Head of Japan
    Ryukichi has more than 18 years of experience in the finance and real estate industries. He was previously at Citigroup in Tokyo where he led the acquisitions of office, retail, residential and hotel assets; securitization of office assets and the development of retail assets. He was previously with Mitsubishi UFJ Bank where he was involved with real estate non-recourse financing and structured finance. He has an MBA from the University of Southern California and a Bachelor of Law (Commercial Law) degree from Kyoto University in Kyoto, Japan.

Source: Aylwin Communications

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