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The APREA Asia Pacific Market Outlook Series, with parallel events in Singapore, Hong Kong, and Malaysia, delves into the market outlook for 2023 in the APAC region, with different perspectives on how key global trends will impact the real assets industry.
Sessions will focus on pressing topics such as exploring the path forward in the real assets industry amid challenging global headwinds, core and alternative sectors that are driving growth, trends and opportunities in the burgeoning REITs market, and more.
Exclusive to APREA members, the in-person event is by invitation only.
Livestream Registration
APREA members are invited to view the livestream free of charge. For non-members, there is a cost of USD$99 per registration to view the livestream.
Register for the livestream via Zoom.
For sponsorship opportunities, please email catherine.wong@aprea.asia.
Host
Sue Ann Lim
Business Development Director
Apex Group
Sue Ann Lim
Business Development Director
Apex Group
Sue Ann has more than 15 years of experience in financial services and real estate investments. She began her career at Citibank and BNY Mellon before moving to the alternative investments industry. Having held various roles in finance, asset management, investor relations and business development, she joins Apex Group as Business Development Director to spearhead the growth of their real estate fund solutions business in the region. Sue Ann holds a Bachelor of Business Management from the Singapore Management University.
Speaker
Sigrid Zialcita
CEO
APREA
Sigrid Zialcita
CEO
APREA
Sigrid is the Chief Executive Officer of Asia Pacific Real Assets Association (APREA). Based in Singapore, she is responsible for overseeing the strategic direction, initiatives and operations of the association across Asia Pacific. Under her leadership, APREA repositioned to an industry trade group focusing on real estate and infrastructure.
Sigrid joined APREA’s executive team in January 2019.
Prior to APREA, she served as Managing Director of Asia Pacific Research and Advisory Services of Cushman & Wakefield (C&W) from 2010 through 2018, where she was responsible for research, thought leadership, strategy formulation and client management. Before relocating to Singapore, she was based in Washington, D.C. and led C&W’s U.S. research group in the Mid-Atlantic region, overseeing all aspects of market research activities in the Washington, DC; Virginia; Suburban Maryland, Baltimore; and Philadelphia areas. Prior to joining C&W, Sigrid served as a Senior Economist for the National Association of Realtors (NAR). In that position, she developed NAR’s office, warehouse, retail, multi-family housing, and international research programs.
A recognized expert in global economic, public policy and real estate issues, Sigrid is a frequent speaker at industry events. Her commentary on commercial and residential real estate markets is also regularly featured in a wide array of global publications, including the Wall Street Journal, Financial Times, Bloomberg, New York Times and Reuters. Additionally, she has made several television appearances on financial networks and radio such as CNBC, Bloomberg, CNN, National Public Radio and Channel News Asia.
Sigrid holds a Master of Business Administration from Cornell University’s Johnson Graduate School of Management and a Master’s degree in Economics from Pennsylvania State University. She is a member of several civic groups including the Rotary Club of Raffles City in Singapore, where she has served in various leadership positions, and serves in the Executive Committee of the Crohn’s & Colitis Society of Singapore.
Speaker
Lim Hwee Chiang John, PBM
Chairman
APREA
Chairman
JL Family Office
Lim Hwee Chiang John, PBM
Chairman
APREA
Chairman
JL Family Office
Mr John Lim is the Chairman of JL Family Office. He is also the Senior Advisor and Non-executive Director of ESR Cayman Limited and serves as a Non-executive Director of ARA Asset Management (Fortune) Limited, ARA Trust Management (Suntec) Limited, ARA Asset Management (Prosperity) Limited and Hui Xian Asset Management Limited.
Mr Lim is Chairman of the Asia Pacific Real Assets Association (APREA) and the Consultative Committee to the Department of Real Estate, National University of Singapore. He is also a Patron of the Securities Investors Association of Singapore (SIAS) and a Council Member of Singapore Chinese Chamber of Commerce and Industry.
Mr Lim co-founded ARA Asset Management in 2002 and was its Group CEO for 18 years and Deputy Chairman from February 2021 to January 2022.
Mr Lim has over 40 years of experience in the real estate industry and has received many notable corporate awards. These include the PERE Global Awards 2020 and 2016 Industry Figure of the Year: Asia, Ernst & Young Entrepreneur Of the Year Singapore 2012 and the Outstanding CEO of the Year 2011 at the Singapore Business Awards 2012. Mr Lim, along with the Board of Directors of ARA, was a recipient of the prestigious Best Managed Board (Gold) Award at the Singapore Corporate Awards 2012. In 2017, he was conferred the Public Service Medal (PBM) by the President of Singapore in recognition of his contributions to the community.
Mr Lim holds a Bachelor of Engineering (First Class Honours) in Mechanical Engineering, a Master of Science in Industrial Engineering, as well as a Diploma in Business Administration, each from the National University of Singapore.
The economy of the Asia Pacific region is slowing amid headwinds from higher interest rates and slower global trade growth. Still, domestic-oriented economies, notably India and emerging Southeast Asia, remain resilient, and a regional recession is not expected in 2023. China’s revised COVID-19 policy may also enable a faster rebound in domestic activity. ESG-related actions are now increasingly top of mind, but most firms need guidance on how to implement and monitor progress. This session will explore the path forward and offer actionable insights on the real assets sector that leaders should consider as they plan for 2023 and beyond.
Speaker
Christine Li
Head of Research, Asia Pacific
Knight Frank
Christine Li
Head of Research, Asia Pacific
Knight Frank
Christine currently serves as the Head of Research APAC at Knight Frank, a globally renowned property consultancy firm. In this capacity, she plays a pivotal role in shaping the firm's long-term business strategy by spearheading research initiatives that align with both regional and global objectives.
Christine boasts a remarkable track record of providing valuable and actionable research across diverse property sectors, including offices, industrial spaces, residential properties, student accommodations, multi-family units, and data centers. She adeptly curates and coordinates regional forecasts and market outlooks for clients, offering research-driven insights that influence commercial leasing and investment decisions.
Christine holds a Master of Arts degree in Media and Communications from the University of London and a Bachelor of Science degree in Engineering from Cornell University.
Macroeconomic headwinds caused by rising inflation, higher interest rates, and geopolitical conflict have caused investment activity in Asia Pacific to be in a holding pattern for most of 2022. However, there is still optimism about the real assets sector in the region on the back of a relatively healthy regional economy and rising global institutional capital being allocated to the region. This session takes a closer look at core and alternative sectors across the region, as well as investment strategies for 2023 and beyond.
Panelist
George Agethen
Managing Director, Real Estate, Asia-Pacific and Latin America
La Caisse (formerly CDPQ)
George Agethen
Managing Director, Real Estate, Asia-Pacific and Latin America
La Caisse (formerly CDPQ)
George Agethen is responsible for the investment and asset-management strategies outlined in the Ivanhoé Cambridge’s annual business and strategic plans. He works closely with the Asset Management, Growth Markets team and collaborate with internal and external stakeholders to put in place and consolidate strategic partnerships for major projects being developed in the Asia-Pacific region.
Mr. Agethen has extensive experience in our industry, and more specifically in the Asian real estate market. Before joining Ivanhoé Cambridge in 2015, he was Senior Executive Director and Head of Alternative Investments at Ping An Trust, a subsidiary of Ping An Insurance (Group) Company of China Ltd., a public company. In his past position, he was responsible for establishing a multi-asset real estate portfolio which invests globally. He served also as Executive Director for HREI (a joint venture between Harvest Funds Management and Grosvenor Group) and as Head of business development and capital-raising for Harvest Capital Partners, China’s leading real estate fund managers. He was previously Vice President, Private Capital Markets, Real Estate, for Macquarie Capital in Asia. He also spent several years in the real estate sector in Australia.
Mr. Agethen holds bachelor’s degrees in commerce and in law and a master’s degree in commerce, specializing in Finance, from University of New South Wales in Sydney, Australia. Mr. Agethen is a Fellow of the Financial Services Institute of Australasia and is a Jury Member for the MIPIM Asia Awards. Over the course of his career, George has lived in Australia, Hong Kong, Singapore, and China. He speaks fluent English, Mandarin and Cantonese.
Panelist
Jesper Palmqvist
Regional Vice President, Asia Pacific
STR
Jesper Palmqvist
Regional Vice President, Asia Pacific
STR
Jesper Palmqvist is based in Singapore and as Senior Director he leads STR in Asia Pacific since 2013. His career spans across hospitality, online travel, IT and music. Originally from Sweden, he frequently presents the latest trends and updates at industry events and media outlets.
STR, a CoStar Group company [NASDAQ: CSGP], tracks daily historic and future supply and demand data as well as monthly financial data for the hospitality industry and provide valuable market share analysis for global hotel and investment companies and agencies across the globe.
Panelist
Han Hwee Chin
Managing Director, Global Investments and Portfolio Strategy, Real Estate
GIC
Han Hwee Chin
Managing Director, Global Investments and Portfolio Strategy, Real Estate
GIC
Han Hwee Chin is Managing Director (Global Investments and Portfolio Strategy) in the real estate arm of GIC. GIC manages a well-diversified portfolio with high quality assets across various property sectors.
At GIC, Hwee Chin manages the design, composition and risk management framework of the real estate portfolio from a top-down, bottom-up approach to help formulate investment strategies across global markets and property sectors and provide directional recommendations on portfolio composition. Hwee Chin also provides independent reviews of deal assessments to the Investment Committee. Hwee Chin is on the GIC Sustainability Steering Committee and manages the real estate ESG framework that includes ESG integration into investment management strategy, investment opportunities evaluation and building portfolio resilience.
Hwee Chin graduated from the National University of Singapore with a first-class honours degree in Real Estate and has an MBA (Dean’s List) from the University of Western Australia. She started her career with JTC Corporation and joined the Ministry of Trade and Industry (Singapore), before moving to GIC.
Panelist
Alessandro Fiascaris
Senior Vice President, Head of Investments – Asia Pacific
Oxford Properties
Alessandro Fiascaris
Senior Vice President, Head of Investments – Asia Pacific
Oxford Properties
Alessandro Fiascaris is Senior Vice President, Head of Investments Asia Pacific at Oxford Properties, a leading global real estate investor, asset management and business builder.
Alessandro leads a team responsible for investments in Asia Pacific, having joined Oxford in 2022.
Prior to joining Oxford, Alessandro worked at a Blackstone for fifteen years in Singapore, Hong Kong and London.
Alessandro holds a BA in Mathematics from Cambridge University and an MBA from Stanford University. He currently lives in Singapore.
Moderator
Gordon Marsden
Head of Capital Markets, Asia Pacific
Cushman & Wakefield
Gordon Marsden
Head of Capital Markets, Asia Pacific
Cushman & Wakefield
Gordon Marsden is a senior leader in Cushman & Wakefield’s Asia Pacific Capital Markets business. His role covers strategic advice, investor relations, capital raising and brokerage. Leveraging his 15+ years of experience and broad knowledge of the real estate markets across Asia Pacific, Gordon has conducted strategy work for a wide range of clients, executed joint ventures in the region as well as undertaken capital raising initiatives. Gordon has led divestment campaigns on individual assets and significant portfolios across multiple asset classes. His client portfolio includes pension companies, insurance companies, sovereign wealth funds, limited partners, fund managers, developers, family offices and high net worth individuals. Having previously been actively involved in Asian outbound capital, he is also well versed on global real estate markets and their drivers of growth. Gordon sits on Cushman & Wakefield’s Asia Pacific Capital Markets Board.
As the pandemic recedes, many cities in the Asia pacific grapple with an oversupply of office space. Remote-work and hybrid schemes have led companies to reduce the footprint of their offices, lowering demand and increasing supply. This potential to transform under-utilised spaces into “new economy assets” – such as data centres, health care facilities, housing and co-working spaces – is a chance for investors and developers to bring them to relevance in the evolving landscape across the entire Asia Pacific region. This session will cover the future of office conversions: When do they make sense? What do they entail? What are some common pitfalls and opportunities? And to what extent can such conversions address other trends?
Panelist
Peter Young
CEO & Co-Founder
Q Investment Partners
Peter Young
CEO & Co-Founder
Q Investment Partners
Peter Young is a real estate investor and fund manager with a significant track record in investing in the developed markets of the UK, Western Europe, US and Australia across multiple real estate sectors.
Peter manages capital and co-invests alongside Family Offices, High Net Worth Individuals and Institutional Investors across debt and equity in specialist real estate living sectors, including purpose- built student accommodation, multi-family housing, co-living and senior housing. As CEO of QIP, he oversees the regulated asset management business and leads the team in sourcing and managing strategic investment opportunities. He has executed on a range of real estate transactions totalling USD $500m.
Panelist
Glyn Nelson
Managing Director, Head of Research and Strategy, Asia Pacific
AEW
Glyn Nelson
Managing Director, Head of Research and Strategy, Asia Pacific
AEW
Glyn Nelson is Managing Director and Head of Research and Strategy with responsibility for directing AEW’s research activities in the Asia Pacific region. He is a member of the AEW Asia Investment Committee and a member of the firm’s Global Securities Allocation Committee. Mr. Nelson responsibilities include monitoring, evaluating and forecasting the macroeconomic environment, demographic trends and capital market conditions across the region. Prior roles include Head of Asia Pacific Property Research for Aberdeen Asset Management and Head of the Real Estate Intelligence Service for JLL. Mr. Nelson has a B.Com from the University of Auckland and an M.S. from the University of Texas.
Moderator
Bernie Devine
Senior Regional Director, Asia Pacific Sales
Yardi Systems, Inc.
Bernie Devine
Senior Regional Director, Asia Pacific Sales
Yardi Systems, Inc.
With 30+ years’ experience dedicated to real estate and technology, Bernie is a leader in digital transformation in real estate and using data to create a more competitive and collaborative environment. Currently responsible for the growth of Yardi Systems in Asia Pacific, Bernie lives in Hong Kong and is a qualified accountant and economist.
He supports real estate clients with Retail, Commercial, Industrial, Residential and Mixed-Use assets, helping them to grow their operations, create efficiencies, and gain better insight into their business. His expertise includes asset and investment management, private equity, operations improvement, program and project management, finance, technology implementation and compliance.
Bernie has led large-scale technology projects, as well as led and supported Proptech start-ups, across Australia, the USA, Middle East, Asia and Europe. He has over 60 publications to his name, and extensive public speaking experience. He is actively working with several charities focused on the marine environment and feeding those in need in Hong Kong.
The last decade has seen an aggressive expansion of Asian real estate markets. Asian REITs are back on track, though in a very different landscape. This session gathers REITs from various countries in the region to compare and contrast how they have refined their value propositions and adapted their business strategies across portfolios to cope with Covid, e-commerce, changing monetary policies, geopolitics, and new stakeholder priorities (ESG). It also looks to the future of Asian REITs, discussing the next set of challenges and opportunities.
Panelist
Serena Teo
Chief Executive Officer
CapitaLand Ascott Trust Management Limited
Serena Teo
Chief Executive Officer
CapitaLand Ascott Trust Management Limited
Ms Serena Teo is the Chief Executive Officer of the managers of CapitaLand Ascott Trust (CLAS), the largest lodging trust in Asia Pacific. CLAS’ portfolio comprises 105 properties with over 18,000 units across 15 countries in Asia Pacific, Europe and the United States of America.
Ms Teo has over 25 years of experience in both private and public sectors. She was formerly with the Ascendas Group, Singapore Economic Development Board (EDB) and EDB Investments. Ms Teo holds a Master in Business Administration from INSEAD and a Bachelor in Electrical and Electronic Engineering (Honours) from National University of Singapore.
Panelist
SHIREEN IQBAL BINTI MOHAMED IQBAL
Chief Executive Officer
Alpha REIT Managers Sdn Bhd
SHIREEN IQBAL BINTI MOHAMED IQBAL
Chief Executive Officer
Alpha REIT Managers Sdn Bhd
Panelist
Simon Garing
CEO and Executive Director
Cromwell EREIT Management
Simon Garing
CEO and Executive Director
Cromwell EREIT Management
Mr Garing has over 25 years of investment management, financial markets and accounting experience in the global real estate industry. Prior to his appointment to the CEREIT Manager, he was most recently the Chief Capital Officer of Cromwell Property Group, where he was responsible for capital management and fund raising for capital markets, as well as public and private fund initiatives.
A proven capital markets manager, investor and analyst, Mr Garing was previously a Managing Director of Bank of America (formerly Bank of America Merrill Lynch) Asia Pacific (“APAC”) and Bank of America Australia. He was the Global Head of Real Estate Research and the Chairman of the bank’s APAC Recommendation Review Committee.
Moderator
Joachim H. Kehr
Portfolio & Regional Head Asia Pacific
CenterSquare Investment Management
Joachim H. Kehr
Portfolio & Regional Head Asia Pacific
CenterSquare Investment Management
Joachim Kehr is a Partner and Portfolio & Regional Head Asia-Pacific at CenterSquare Investment Management. Joachim joined CenterSquare in 2011 and is based in Singapore. He is Regional Portfolio Manager for CenterSquare’s listed real estate securities funds, having previously held primary coverage of real estate equities in China, Japan and Australia. Joachim brings close to two decades of investment management experience to his role. He holds a master’s degree in Economics from Tilburg University, The Netherlands. Prior to joining the firm, Joachim was a member of BNP Paribas Asset Management’s listed real estate team, based in Amsterdam and Singapore.
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 50,000 employees in over 400 offices and approximately 60 countries. In 2021, the firm had revenue of $9.4 billion across core services of property, facilities and project management, leasing, capital markets, and valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.
Website Link: https://www.cushmanwakefield.com/en
Intralinks, an SS&C company, is a leading financial technology provider for global dealmaking, alternative investment and capital markets communities.
As pioneers of the Virtual Data Room, our technology enables and secures the flow of information, empowering our customers in real estate to work more productively and with complete confidence.
Intralinks facilitates strategic initiatives such as mergers and acquisitions, corporate lending, debt sales, capital raising, and investor reporting. Our solutions enhance these activities by streamlining operations, reducing risk, improving client experiences and increasing visibility. We have earned the trust and business of more than 99 percent of the Global Fortune 500 and have executed over $35 trillion worth of financial transactions on our platform.
APREA is committed to making our events more environmentally responsible. We work closely with our event partners, venues, and suppliers to embed sustainability into the way we plan and execute our gatherings across the region. Our goal is to continually reduce our environmental footprint and promote responsible practices across the real assets industry.
Our key sustainability measures in our events include:
Through these steps, we aim to make every APREA event a reflection of our broader commitment to a more responsible and resilient industry.
Kemmu Kawai joined Longevity Partners Japan in September 2022 as the Country Director. Based in Tokyo, he oversees all operations and activities in Japan, the Asia-Pacific region and beyond. He brings him more than 16 years of experience in finance where he specialised in real estate and credit investments. Before joining Longevity Partners, he served as a Portfolio Manager at Norinchukin Bank and as Investment Manager at Center Point Development.
Kemmu Kawai
Managing Director
Longevity Partners