While much of Greater China takes a break to clean up gravesites and honor their ancestors, the region’s real estate professionals remain on the move, with a number of high level job changes being reported just before the holiday. This week we find a new CEO for Singapore’s oldest industrial REIT, a veteran luxury marketer joining an upscale London developer, and much more.
The manager of Singapore-based REIT Cambridge Industrial Trust has appointed former Standard Chartered banker Adrian Chui as its new chief executive officer, replacing acting CEO Shane Hagan, according to an announcement to the Singapore stock exchange. At Standard Chartered, Chui was responsible for the bank’s real estate advisory business for southeast Asia as well as the Singapore corporate banking division. The graduate of Singapore’s Nanyang Technical University also has previous experience with UBS and Morgan Stanley Securities. Also last week, REIT industry veteran Michael Dwyer stepped down from Cambridge Industrial Trust’s board.
Catherine Chan has joined the UK’s Berkeley Group as Head of Business Development for Shanghai and Beijing, effective this month. The real estate marketing veteran takes on her new role with the London-based luxury developer after spending more than two years as China Director for Colliers International’s International Properties division, based in Shanghai. Chan will stay in China’s commercial capital for her new role, but will reportedly be spending some time in Beijing soon, opening an office for Berkeley in the nation’s capital.
Colliers International has introduced long-time Asia hospitality player Baron Ah Moo as the new Head of Hotels for Asia for the international property consultancy’s Capital Markets and Investment Services division. Moo worked most recently as COO of Leisure Real Estate for the UK’s Lewis Fund Holdings and previously served as CEO of the hotel and resorts division of Vietnam-based real estate private equity firm Indochina Capital, which sold out the assets from its Indochina Land-2 fund to Gaw Capital at a hefty discount in 2015.
Gary Wong has been promoted to Senior Project Development Manager with Grosvenor Group, based in Hong Kong. Wong takes his step up with the elite UK developer after serving more than three years as an Investment and Development Manager with the Duke of Westminster’s family firm. In his new role, the graduate of the Universities of Oregon and Southern California will be responsible for leading development planning and asset enhancement for both investment properties and new developments for Grosvenor.
Former Sanpower Group Executive Vice President and Director of Real Estate Investment Peng Cheng has left the Nanjing conglomerate to take on the role of Senior Funds Manager with Australian-listed Integer Securities, based in Sydney. Integer was acquired by ASX-listed Chinese developer Boyuan Holdings in December of last year in a move explained by the Jiaxing, Zhejiang-based company as enhancing its ability to source additional capital for growth opportunities. Peng also has previous experience with JLL in Shanghai.
Paul Lam has joined Hong Kong-based property marketing firm Space Tactics Asset Management as Marketing Director. Lam signs up with the joint venture asset manager after just less than two years as Head of Business Development for Hong Kong-listed developer Agile Property Holdings, based in Guangzhou. The graduate of Canada’s York University also has experience with JLL and Colliers International on the mainland.
As usual, if you know of other China real estate professionals changing their jobs, getting promoted or just doing something exciting, please feel free to share with the rest of the community here at Mingtiandi.