US realty investment firm Hines launches APAC fund with $400m from OTPP arm
Gurugram, India. Photo by Alok Sharma on Unsplash.
May 4, 2021
US-headquartered real estate investment firm Hines has launched a flagship fund for the Asia-Pacific Region, Hines Asia Property Partners (HAPP), with a $400 million investment from Cadillac Fairview, the real estate investment arm of Canada’s largest single pension scheme Ontario Teachers’ Pension Plan.
Cadillac Fairview is the lead founding investor in the fund, according to a statement released on Tuesday. The transaction probably marks its first capital deployment in the region.
HAPP will be a multi-sector, open-ended, diversified vehicle targeting top-tier markets in Japan, Australia, South Korea, Singapore, and Greater China. The fund will invest in logistics, office, living, retail, and select niche sectors targeting core plus returns.
M&G Real Estate Names Lai Jing Dong Asia CIO
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Hines is strengthening its regional investment team with the hiring of asset management veteran Ng Chiang Ling as chief investment officer for Asia, based in the US developer’s Singapore office.
Ng will work alongside Asia Pacific CEO Ray Lawler and Eurasia/India CEO Lee Timmins to further expand the firm’s reach across Asia Pacific, where Hines is looking to elevate its real estate footprint and investor outreach. Ng succeeds Timmins in the CIO role and reports to global chief investment officer David Steinbach.
“We are very excited to welcome Chiang Ling to Hines as our Asia CIO,” Steinbach said in a Tuesday release announcing the hire. “With her demonstrated expertise, we look forward to elevating our investment management platform and capitalising on the growing market opportunities in the Asia Pacific region as we strive to be the partner of choice globally.”
Hines hires first head of Asia-Pacific real estate investments
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Chiang Ling Ng joined the Singapore office of Houston-based real estate firm Hines Investment Management on Tuesday as chief investment officer, Asia.
The position is new, reflecting a new global strategy aimed at bolstering Hines capabilities to support clients across the Asia-Pacific region, a spokeswoman for the firm said.
Ms. Ng reports to
David Steinbach, global chief investment officer. Ms. Ng will help the firm in elevating our investment management platform and capitalizing on the growing market opportunities in the Asia-Pacific region as we strive to be the partner of choice globally, Mr. Steinbach said in a news release.
People Digest: Hines ropes in CIO for Asian market; Pathway appoints MD
A woman working on her laptop. Photo: Pixabay Premium
International real estate firm Hines has named Chiang Ling Ng as its chief investment officer, Asia. Meanwhile, private market portfolio solutions provider Pathway announced that Simon Lau has been promoted to managing director.
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