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]
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Native name | 豐泰地產投資有限公司 |
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Type | Private |
Industry | Private equity real estate |
Founded | 2002[1] |
Founders | Samuel Chu Benjamin Lee[1] |
Headquarters | Hong Kong |
AUM | US$8.1 billion (December 31, 2021)[2] |
Number of employees | 170[2] |
Website | www |
Footnotes / references [3] |
Background
Phoenix was founded in 2002 by Samuel Chu and Benjamin Lee.[1] The firm takes a value driven approach to investing in real estate in and works with institutional clients such as sovereign wealth funds, pension funds and insurance companies.[1]
Phoenix has investments across 18 cities across asia in countries such as China, Japan, Korea and Australia.[1] While investments are predominately in North Asia, Phoenix has also been growing its investments in Southeast Asia.[5] The firm is headquartered in Hong Kong with additional offices in China, Japan, Korea, Singapore, Taiwan and Australia.[6]
In 2020, Phoenix had to restructure its financing for investments in Beijing and Shanghai due to market turndown caused by the COVID-19 pandemic.[7][8]
The most notable property owned by Phoenix is Tower 535 located in Causeway Bay, Hong Kong.[9] It served as the flagship store of DJI in Hong Kong until August 16, 2021.[9][10]
Funds
Fund[11] | Vintage Year | Committed Capital ($m) |
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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
- Asia, Tatler. "Samuel Chu". Tatler Asia.
- "Home – Phoenix Property Investors". www.ppinvestors.com.
- "Form ADV" (PDF). SEC. Retrieved November 24, 2022.
- "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.
- "Phoenix Property Investors eyes new opportunities in Southeast Asia". South China Morning Post. November 26, 2014. Retrieved October 15, 2022.
- "Contact – Phoenix Property Investors". www.ppinvestors.com.
- "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.
- Hatton, James (May 28, 2020). "Phoenix in Danger of Defaulting on Shanghai Office Project". Mingtiandi. Retrieved October 15, 2022.
- "Landlord of DJI store likely to split massive space into smaller units". South China Morning Post. September 1, 2021. Retrieved October 15, 2022.
- Singh, Ishveena (August 11, 2021). "Why DJI is shuttering its flagship store in Hong Kong". DroneDJ. Retrieved October 15, 2022.
- "Phoenix Property Investors | Palico". www.palico.com. Retrieved October 15, 2022.