Sustainable Fund Management
The Group aspires to be a leading global real estate manager. We will create a sustainable fund management business to generate attractive long-term, riskadjusted returns for its investors and shareholders.
The fund management business will also help the Group to diversify our earnings, enhance recurring income streams and widen investor base. This strategy will enable the Group to tap on the growing appetite of institutional investors for unlisted real estate funds and concurrently deliver a higher return on equity to our shareholders.
The Group’s goal is to be a leading fund manager in Asia by 2023 and to achieve this milestone, we will target to attain Assets Under Management (AUM) of US$5 billion by then. As such, the Group aims to launch our first series of close-ended, comingled funds focusing on core, core plus and opportunistic real estate investments in Asia Pacific by 2019.
The Group will use our core competency in real estate to create real estate vehicles with different risk return profiles to cater to the needs of various institutional and high net worth individuals.
The existing three PPS initiatives will be gradually wound down as each of them has a short-term fund life. Depending on the time frame and market conditions, the Group may stand to benefit from the waterfall distribution structures following the orderly disposal of the fund’s assets.