Phoenix Property Investors

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 Property Investors Limited
Native name
豐泰地產投資有限公司
TypePrivate
IndustryPrivate equity real estate
Founded2002 (2002)[1]
FoundersSamuel Chu
Benjamin Lee[1]
HeadquartersHong Kong
AUMUS$8.1 billion (December 31, 2021)[2]
Number of employees
170[2]
Websitewww.ppinvestors.com
Footnotes / references
[3]

Background

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]

The most notable property owned by Phoenix is Tower 535 located in Causeway Bay, Hong Kong.[9] It served as the flagship store of DJI in Hong Kong until August 16, 2021.[9][10]

Funds
Fund[11] Vintage Year Committed Capital ($m)
Phoenix Asia Real Estate Investments IV 2010 USD 450
Phoenix Asia Real Estate Investments V 2013 USD 750
Phoenix Asia Real Estate Investments VI 2019 USD 1,150

References
  1. Asia, Tatler. "Samuel Chu". Tatler Asia.
  2. "Home – Phoenix Property Investors". www.ppinvestors.com.
  3. "Form ADV" (PDF). SEC. Retrieved November 24, 2022.
  4. "Institutional Real Estate, Inc. – Global Investment Managers 2022" (PDF). October 15, 2022. Archived from the original (PDF) on October 15, 2022. Retrieved October 15, 2022.
  5. "Phoenix Property Investors eyes new opportunities in Southeast Asia". South China Morning Post. November 26, 2014. Retrieved October 15, 2022.
  6. "Contact – Phoenix Property Investors". www.ppinvestors.com.
  7. "Hong Kong property fund in distress trap as trade war, virus hit China bets". South China Morning Post. June 26, 2020. Retrieved October 15, 2022.
  8. Hatton, James (May 28, 2020). "Phoenix in Danger of Defaulting on Shanghai Office Project". Mingtiandi. Retrieved October 15, 2022.
  9. "Landlord of DJI store likely to split massive space into smaller units". South China Morning Post. September 1, 2021. Retrieved October 15, 2022.
  10. Singh, Ishveena (August 11, 2021). "Why DJI is shuttering its flagship store in Hong Kong". DroneDJ. Retrieved October 15, 2022.
  11. "Phoenix Property Investors | Palico". www.palico.com. Retrieved October 15, 2022.
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