Property investment manager TH Real Estate continues its expansion in the region this month with the appointment of Harry Y Tan, formerly of Grosvenor, as its new Head of Research for Asia-Pacific.
Tan joined TH, which was formerly known as TIAA Henderson, from December 1st, and will report to the firm’s Managing Director for Asia- Pacific, Chris Reilly.
The new research hire comes after TH added Carsten Kebbedies as Head of Business Development, Asia-Pacific during April of this year, as well as ramping up its team in Australia.
“As we continue to build a pipeline of global product opportunities, Harry’s experience and strong knowledge of the Asia-Pacific markets will enhance our offering across local market, sector and asset level advice, helping to guide our strategic focus across the region,” said Chris Reilly, Managing Director, Asia-Pacific at TH Real Estate.
Tan’s new position will require him to relocate to Singapore from Hong Kong, where he had served as head of research for Grosvenor, the real estate investment firm belonging to the UK’s Duke of Westminster and his family, since 2007. The UK firm recently took on new management in the region when APAC CEO Nick Loup left Grosvenor after 25 years, and was replaced earlier this year by Ben Cha, a scion of the family that controls Hong Kong developer HKR International.
At TH Real Estate, Tan will be responsible for providing strategic advice on the Asia-Pacific market to both the corporate business and its clients, while working closely with the global investment, client capital, and business development teams across the company’s Asia-Pacific offices.
In China, TH has been actively involved in the development of a chain of outlet malls, advising the investors in Silk Road Holdings, the company that owns the Florentia Village outlets on the mainland.
While at Grosvenor, Tan was responsible for directing research on the Asian property markets, regional economies and other relevant regional/global trends. He played a key role in the firm’s strategic planning, capital allocation and product development.
Prior to Grosvenor, Tan worked at MEAG Pacific Star, JP Morgan Chase and Nomura Securities.