Asia Real Estate News Insider 2024-05-27

Indian business parks are booming and new management is in place, with CapitaLand’s massive office space in the country topping this week’s regional personnel changes stories. This week also sees a change in leadership at Kaisa Group’s property management subsidiary and departures from America’s largest pension fund.

After announcing earlier this month that it was promoting India Business Parks CEO Gauri Shankar Nagabhushanam to the role of chief executive officer of CapitaLand India Trust. CapitaLand Investments I said last week Upgraded Smit Gera Following Nagabhushanam’s previous role, Gera has been with CapitaLand’s India subsidiary since 2016 and prior to his current role was Head of Portfolio Management for CapitaLand India Trust.Kaisa Prosperity Holdings Announced to the Hong Kong Stock Exchange On May 21, the chairman of Kaisa Group Guo Yingcheng The company has appointed Guo as chairman and CEO of its property management subsidiary. With Guo’s appointment, former CEO Mu Zhaohui will step down from his position but remain as an executive officer of the company. Former chairman Liao Chuanqiang will also remain as an executive officer. The personnel changes took effect on May 20.The largest U.S. pension fund has lost its global head of private debt. According to a Bloomberg report: Citing an internal company email this week: Jean Su Resigned California Public Employees Retirement System He retired without publicly signaling his plans for the future after nearly a quarter-century at CalPERS, which had $12.8 billion in private debt strategies under management as of April 30.Featuring Paul Davis Baker McKenzie In Tokyo, he serves as an adviser to the real estate team of an international law firm. Davis’ LinkedIn profile He is listed as a partner-designate at Baker Mack and is a graduate of Columbia Law School who previously spent about a year and a half as a senior director in JLL’s capital markets team in Tokyo. Davis was previously a partner at Morrison & Foerster in Singapore.

JLL this month Lee Tae-ho Lee has been appointed as JLL’s head of Korea and will oversee the real estate consultancy business from June. Lee joins JLL from CBRE Investment Management (formerly CBRE Global Investors), where he served as head of Korea for nine years. Prior to that, he was JLL’s regional director of capital markets in Korea.Ong Ben Sen’s Hotel Properties Co., Ltd. Announced on the Singapore Stock Exchange Appointed on May 21 Rahul Goswami Goswami, 60, is a co-founder and partner of Gateway Partners Group in Singapore and previously served as global head of global corporate business at Standard Chartered Bank.Fantasia Holdings Notify the Hong Kong Stock Exchange On May 24th You are Cashen Ke stepped down as an executive director of the troubled mainland developer effective the same day. Ke, who was in charge of investment, financing and capital operations at Fantasia, had served as a director of the company since 2019 after serving as president of China Huarong Asset Management Co. Ltd.Jack Ko joins us Hong Kong Land As an asset manager for a London-listed developer, LinkedIn UpdatesHong Kong-based Koh has signed with the developer of Exchange Square and Jardine House after spending around eight years with JLL in Hong Kong, where he rose through the ranks from graduate trainee to become director in the tenant representation team.

Do you know of other real estate professionals in Asia who have changed jobs, been promoted or are doing something exciting? Please contact Tomorrow.