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Phoenix Property Investors

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Phoenix Property Investors Limited
Native name
豐泰地產投資有限公司
Company typePrivate
IndustryPrivate equity real estate
Founded2002; 22 years ago (2002)[1]
FoundersSamuel Chu
Benjamin Lee[1]
HeadquartersHong Kong
AUMUS$8.1 billion (31 December 2021)[2]
Number of employees
170[2]
Websitewww.ppinvestors.com
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]

Background

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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]

References

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  1. ^ a b c d e Asia, Tatler. "Samuel Chu". Tatler Asia. Archived from the original on 15 October 2022. Retrieved 15 October 2022.
  2. ^ a b "Home – Phoenix Property Investors". www.ppinvestors.com. Archived from the original on 15 October 2022. Retrieved 15 October 2022.
  3. ^ "Form ADV" (PDF). SEC. Archived (PDF) from the original on 19 December 2022. Retrieved 24 November 2022.
  4. ^ "Institutional Real Estate, Inc. – Global Investment Managers 2022" (PDF). 15 October 2022. Archived from the original (PDF) on 15 October 2022. Retrieved 15 October 2022.
  5. ^ "Phoenix Property Investors eyes new opportunities in Southeast Asia". South China Morning Post. 26 November 2014. Archived from the original on 15 October 2022. Retrieved 15 October 2022.
  6. ^ "Contact – Phoenix Property Investors". www.ppinvestors.com. Archived from the original on 15 October 2022. Retrieved 15 October 2022.
  7. ^ "Hong Kong property fund in distress trap as trade war, virus hit China bets". South China Morning Post. 26 June 2020. Archived from the original on 15 October 2022. Retrieved 15 October 2022.
  8. ^ Hatton, James (28 May 2020). "Phoenix in Danger of Defaulting on Shanghai Office Project". Mingtiandi. Archived from the original on 15 October 2022. Retrieved 15 October 2022.
  9. ^ Laforga, Beatrice (15 June 2023). "Phoenix, Lendlease Form Sydney Industrial JV". Mingtiandi. Archived from the original on 8 January 2024. Retrieved 8 January 2024.
  10. ^ Brasse, Jonathan (15 January 2024). "Phoenix removes China from the strategy of its seventh opportunity fund". PERE. Archived from the original on 17 January 2024. Retrieved 22 January 2024.
  11. ^ a b "Landlord of DJI store likely to split massive space into smaller units". South China Morning Post. 1 September 2021. Archived from the original on 15 October 2022. Retrieved 15 October 2022.
  12. ^ Singh, Ishveena (11 August 2021). "Why DJI is shuttering its flagship store in Hong Kong". DroneDJ. Archived from the original on 15 October 2022. Retrieved 15 October 2022.
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