 | |
Native name | 豐泰地產投資有限公司 |
|---|---|
| Company type | Private |
| Industry | Private equity real estate |
| Founded | 2002 [1] |
| Founders | Samuel Chu Benjamin Lee [1] |
| Headquarters | Hong Kong |
| AUM | US$8.1 billion (31 December 2021) [2] |
Number of employees | 170 [2] |
| Website | www |
| Footnotes /references [3] | |
Phoenix Property Investors ("Phoenix") is a real estate investment firm headquartered in Hong Kong. In 2022, IREI ranked Phoenix as the tenth largest real estate manager in Asia based on assets under management. [4]
Phoenix was founded in 2002 by Samuel Chu and Benjamin Lee. [1] The firm takes a value driven approach to investing in real estate in and works with institutional clients such as sovereign wealth funds, pension funds and insurance companies. [1]
Phoenix has investments across 18 cities across Asia in countries such as China, Japan, Korea and Australia. [1] While investments are predominately in North Asia, Phoenix has also been growing its investments in Southeast Asia. [5] The firm is headquartered in Hong Kong with additional offices in China, Japan, Korea, Singapore, Taiwan and Australia. [6]
In 2020, Phoenix had to restructure its financing for investments in Beijing and Shanghai due to market turndown caused by the COVID-19 pandemic. [7] [8]
In June 2023, Phoenix and Lendlease entered a joint venture to develop a A$185 million logistics facility in Australia. [9]
In January 2024, it was reported that for Phoenix's seventh opportunity fund, it removed mainland China from its strategy. [10]
The most notable property owned by Phoenix is Tower 535 located in Causeway Bay, Hong Kong. [11] It served as the flagship store of DJI in Hong Kong until 16 August 2021. [11] [12]
Sir Li Ka-shing is a Hong Kong billionaire business magnate, investor, and philanthropist. He is the senior advisor for CK Hutchison Holdings and CK Asset Holdings, after he retired from the Chairman of the Board in May 2018; through it, he is a port investor, developer, and operator of the largest health and beauty retailer in Asia and Europe. As of July 2023, Li is the 33rd richest person in the world, with an estimated net wealth of US$37.7 billion.
Jing Ulrich, née Li (李晶), is Managing Director and the Vice Chairman of Investment Banking at JPMorgan Chase.
Fosun International Limited is a Chinese multinational conglomerate holding company. Founded in 1992 by Guo Guangchang and four others, the company is headquartered in Shanghai and was incorporated in Hong Kong in 2004. Its Co-CEOs are Chen Qiyu and Xu Xiaoliang. Wang Qunbin joined Guo Guangchang as co-chairman in early 2020. The company is located in 16 countries and is one of the largest privately owned conglomerates in China. It was ranked 371st on the Forbes Global 2000 ranking in 2020.
Ares Management Corporation is a global alternative investment manager operating in the credit, private equity and real estate markets. The company was founded in 1997 with additional offices across North America, Europe, and Asia.
V-Nee Yeh is a businessman and was non-official member of the Executive Council of Hong Kong. He graduated from Milton Academy, cum laude '77; Williams College, BA' 81 Phi Beta Kappa, magna cum laude and Columbia Law School, JD 1984, Harlan Fiske Stone Scholar. He is a co-founder and honorary chairman of Value Partners Group Limited, the second largest in Asian based fund manager. He is also the co-founder and chairman of Argyle Street Management, an Asian distressed and special opportunities fund and Cheetah Investment Management Group, which seeds and incubates other funds / fund managers. Vnee Yeh is also the past chairman of Hsin Chong Construction, a company founded by his grandfather, until he sold the controlling interest to The Mission Hills Group in 2007. Yeh is also a trustee of Milton Academy, Massachusetts.
Nan Fung Group is a privately held group of companies carrying on the business of property development as its core business in Greater China, as well as shipping, textiles and financial services. It is also one of the leading property developers and largest privately held developers in Hong Kong.
Pollyanna Chu is a billionaire businesswoman from Hong Kong. She is an executive of Kingston Financial Group, Golden Resorts Group, and Sincere Watch. As of 30 January 2018, Chu's estimated net worth was US $10.2 billion, making her the 14th richest person in Hong Kong.
Eaton Partners is a global placement agent that assists in raising capital for funds managed by some of the largest private equity firms, hedge funds, real assets and real estate funds in the world. The firm is also one of the oldest placement agents in the private funds industry. Eaton Partners raises capital primarily from institutional investors including private and public pension funds, endowment funds, family offices, fund of funds, foundations and other large pools of money that invest in alternative asset classes.
Hillhouse Investment is a global private equity firm with an East Asian heritage. Hillhouse was founded by Lei Zhang in 2005 with initial seed capital from the Yale University endowment and invests across East Asia, Southeast Asia, North America, and Europe. Hillhouse has Asian offices in Singapore, Hong Kong, Beijing and Shanghai with additional international offices in New York City and London.
Zhang Lei is an investor and philanthropist. He is the founder and chairman of Hillhouse Capital, the largest private equity firm operating in Asia as of October 2021.
Samuel Tak Lee or Lee Tak-Yee is a Hong Kong property billionaire.
Adrian Cheng Chi-kong is a Hong Kong entrepreneur and business executive. He is the CEO and executive vice-chairman of the Hong Kong-listed New World Development, the heir and executive director of jewelry company Chow Tai Fook, and the owner of Rosewood Hong Kong Hotel. He is also the founder of K11, which has a portfolio of commercial, cultural and residential projects. He is the son of property developer Henry Cheng and grandson of Cheng Yu-tung.
Fifth Wall is a venture capital firm founded in 2016 by Brendan F. Wallace and Brad Greiwe. It manages the largest fund specialized in real estate technology The firm's name refers to a fifth wall of technology it provides in addition to the four physical walls of a building. It is part of an emerging category of "PropTech" investors. Major financial backers include large real estate industry companies that agree to be matched with the products and services of the firm's portfolio of start-up companies. The firm has separate funds for investments in emerging retail brands and climate technology to help real-estate companies reduce carbon emissions from their buildings.
PAG is an Asian investment firm that manages multiple asset classes, including private equity, private debt, real estate and hedge funds. It is considered one of the largest private investment firms in Asia.
ESR Group Limited (ESR) is an Asia focused Real Estate services and investment company. It focuses on building and managing logistics properties such as warehouses and distribution centers. It is incorporated in the Cayman Islands but headquartered and listed in Hong Kong.
The Chinese property sector crisis is a current financial crisis sparked by the difficulties of Evergrande Group and other Chinese property developers in the wake of overbuilding and subsequent new Chinese regulations on these companies' debt limits. The crisis spread beyond Evergrande in 2021 to such major property developers as Country Garden, Kaisa Group, Fantasia Holdings, Sunac, Sinic Holdings, and Modern Land.
Lo Ying-shek was a Hong Kong real estate businessman who co-founded Great Eagle Holdings in 1963 with his wife, Lo To Lee Kwan (羅杜莉君).
Gaw Capital is a real estate private equity fund management firm headquartered in Hong Kong.
CBC Group is an Asian investment firm headquartered in Singapore. It is focused on private investments in the healthcare and biotechnology industries. It is considered the largest healthcare-focused investment firm in Asia.
QuadReal Property Group (QuadReal) is a Canadian company headquartered in Vancouver that invests operates and develops company real estate. It is wholly owned by British Columbia Investment Management Corporation (BCI) and acts as its real estate investment arm.
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