Canada’s Oxford Properties is growing its capabilities in Asia Pacific with the real estate investment firm having recently added a pair of senior executives to its team in Singapore, according to company representatives who spoke with Mingtiandi.
Former Apollo Global Management principal Chirag Gupta joined the property investment division of pension fund manager Ontario Municipal Employees Retirement System (OMERS) this month as a director with its real estate investment team.
“We are pleased to welcome Chirag Gupta to our growing Singapore team,” Alessandro Fiascaris, head of investments for Asia Pacific at Oxford Properties told Mingtiandi. “An experienced investment professional with local experience of working both in Singapore and India, he will add strength and depth to our team as we look to grow our presence and exposure to Asia Pacific which is an important growth region in our high conviction investment strategies.”
The former Blackstone managing director also called attention to the firm’s transfer of a senior member of its Ontario crew to Southeast Asia.
“We have also welcomed Shane Miyama to our Singapore team who has spent more than 16 years in progressively senior roles across investment and development at Oxford’s global headquarters in Toronto,” Fiascaris said. “As development director, he will add his vast experience and focus on development projects and ventures in Asia Pacific.”
Team-Building in the Little Red Dot
Gupta and Miyama are joining Oxford Properties’ base in Singapore just under eight months after Fiascaris left behind his 18-year stint at Blackstone to help pilot the $54 billion investment fund’s activities in Asia Pacific.
Gupta spent more than seven years with Apollo in both Singapore and India, and also has earlier experience with HSBC, Colliers and Rezone Investment Advisors in India.
Miyama has now been with Oxford for 16 years and has served as a director with its development team since the beginning of 2017.
The firm’s website shows that it is currently hiring for six roles in Singapore, including executives for its capital markets and infrastructure teams.
Globally, industrial accounts for around 40 percent of Oxford’s investment portfolio, with the firm having taken a cornerstone stake in ESR’s $1.6 billion 2019 IPO as well as backing GLP ventures.
Public records show that OMERS currently holds a 10.2 percent stake in ESR, and in 2018 Oxford teamed up with its compatriots at Vancouver-based QuadReal Property Group and other investors to back European-focused GLP funds which raised $4 billion.
More recently the firm has been pursuing multi-family investments in Australia where it has set the goal of building 5,000 apartments through the Indi division of its Sydney-based Investa division.
In February this year Oxford Properties sold down some of its office holdings in Australia when Hong Kong’s Link REIT agreed to pay $428.2 million for a 49.9 percent stake in an Investa portfolio of office assets in Sydney and Melbourne.