Robert Lie has been appointed Managing Director of REDEVCO Asia. Lie, until recently CEO Asia at ING Real Estate Investment Management (REIM), will join REDEVCO and lead the Company's investment and development activities in its second home market, Asia, from the new office in Hong Kong, China.
Robert Lie has held various positions at ING Real Estate Investment Management and has been Chief Executive Officer Asia since 2004. Given his successful track record in commercial real estate in Asia, REDEVCO is delighted Lie has decided to join REDEVCO and start up the activities in Asia, REDEVCO's second home market.
REDEVCO marked its entry into Asia earlier this year with a US $ 30 million investment in the Arch Capital Asian Partners Fund. REDEVCO's main focus in this market will be on India and China. "Especially India and China offer unparalleled opportunities because of their growing markets and high economic growth," says Jaap Blokhuis, Chief Executive Officer of REDEVCO. "We want to build a sustainable portfolio in Asia as a long term player and we will therefore open our first office in Hong Kong, China."
From the new office in Hong Kong, Robert Lie will build an Asian real estate portfolio comprising retail investments and developments, primarily new shopping centre developments, in Asia's major cities. Together with local partners, REDEVCO will in principle develop for its own portfolio. Building up an Asian portfolio is in line with REDEVCO's strategy of geographical diversification. REDEVCO has plans to open a second office in New Delhi, India, later this year.