Richard Price - Real Estate Investment Management


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Richard Price - Real Estate Investment Management

  1. 1. June 2010 ING Real Estate Investment Management Richard Price 0
  2. 2. I. Overview Asia Platform ING REIM Asia Regional Footprint Industry Leading Investment 131 staff in 6 offices, USD 4.8 billion in AuM Platform: Local Presence Founding Member ING Real Estate professionals on the ground provide direct access to local real Tokyo estate markets and information flows Shanghai (44) (20) Local Expertise Tokyo ING’s local knowledge of Asia’s business Seoul environment and regulations ensures we Korea can anticipate and react quickly to Shanghai (13) changes in market dynamics Taipei Local Management Hong Kong Taiwan Hong Kong (5) ING has experienced local nationals in (28) senior management positions located throughout Asia Best-in-Class Singapore Tapping ING’s global expertise, Singapore international best practises are applied to (21) each of the regional and domestic organisations Note: Date as of 30 April 2010. 3
  3. 3. Key Milestones Over 14 years hands-on experience in Asia Opening of the 1st office in Asia - Opening of rep. office in Bangkok Opening of regional headquarter in Hong Kong Beijing, China Opening of Seoul office Acquisition of Opening of Singapore office Rodamco Asia Opening of Taiwan office N.V. Opening of Shanghai Acquisition of Opening of Tokyo office office Barings Take-over of US$995 M New City Asia Capital Partners. Partners Renamed Phoenix Real Estate Fund 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Launch of ING Korea Property Investments Fund Launch of China Opportunity Fund I Launch of I.P. Fund, Launch of Asia Retail Fund a joint venture with Singapore’s Launch of Asia Value Fund CapitaLand Launch of China Opportunity Fund II Take-over of US$1.1 B Creed Real Estate Partners. Renamed Nozomi Real Estate Fund 6
  4. 4. Product Offering & Strategy Opportunistic Value-Add Core Plus Core Return Asia Value Fund China Opp. Fund II Nozomi RE Fund Phoenix RE Fund Asia Retail Fund China Opp. Fund I Korea Property Investments IP Property Fund Separate Accounts Risk Fund Status: Closed Funds Funds open for investment Liquidated Funds 24
  5. 5. Greater China Investment Footprint ING REIM Asia is currently managing GAV in excess of US$1.4 B across Greater China Beijing - Maple Place - Richmond Park Shanghai - Xinhe Cheng - Qingpu Longfor Investments by sector1:: - Mall 818 Investments by sector1 Gansu - Waigaoqiao Logistics Centre Office: Office: 5 5 - Hongkou Forte Jiangsu Province - Shanghai Racquet Club Residential: 17 - Suzhou Industrial Park - Somerset Grand Shanghai Residential: 17 - Kunshan Huaqiao project - Songjiang Retail: Retail: 3 3 - Shanghai Central Plaza Chongqing - Shanghai-Nanjing Expressway Others: Others: 6 6 - The Special River Wuhan TOTAL TOTAL 31 31 Chengdu - Gemdale Int’l Taiwan - 3,000 Castles Garden - Taichung Mall - Century View Changsha - Minsheng Hospital Building - Raycom 30,000FT - Home Gallery - La Villa - Aegon Building - United Technology Building Projects under management Hong Kong Foshan - Argyle Street Projects Sold - Kow Loon Jade - Kwun Tong View - South Bay 1. As of 31 March 2010 - Harcourt House - Niche Centre 28
  6. 6. “Smart and Sustainable Initiatives” Asia: LEED Gold certification for our largest investment in Seoul – the first in Korea. 2 of our funds came in 3rd and 6th in the top 10 of PE real estate fund leaders in sustainable investment in Asia in a global survey. Europe: ING REIM Europe is working on a pilot project to rate and benchmark its portfolio: Green Rating together with GE, AXA and AEW. ING has contributed 30 buildings from 12 different funds to the and the ING RE European Office Fund is surveying all of its properties. ING REIM Netherlands won the European Commission’s Green Light Award 2010. Global: ING REIM global sustainability platform,
  7. 7. Disclaimer Important Information This publication has been prepared on behalf of ING solely for the information of its clients. It is not investment advice or an offer or solicitation for the purchase or sale of any financial instrument. While reasonable care has been taken to ensure that the information contained herein is not untrue or misleading at the time of publication, ING makes no representation that it is accurate or complete. Some information contained herein has been obtained from third-party sources that are believed to be reliable, but the information has not been independently verified by ING. ING makes no representations as to the accuracy or the completeness of such information and has no obligation to revise or update any statement herein for any reason. Unless otherwise noted, the research presented herein has been prepared by ING as is current only as of the date of publication. The assumptions used in making forecasts rely on a number of economic and financial variables. These variables are subject to change and may affect the likely outcome of the forecasts. The information contained herein is subject to change without notice. Any statements of opinion constitute only current opinions of the author(s) which are subject to change and which ING does not undertake to update. No investment strategy or risk management technique can guarantee returns or eliminate risk in any market environment. ING and any of its officers or employees may, to the extent permitted by law, have a position or otherwise be interested in any transactions, in any investments (including derivatives) referred to in this publication. ING may provide banking or other services (including acting as adviser, manager, lender or liquidity provider) for, or solicit banking or other business from, any company referred to in this publication. Neither ING nor any of its officers or employees accepts any liability for any direct or consequential loss arising from any use of this publication or its contents. Copyright and database rights protection exists in this publication and it may not be reproduced, distributed or published by any person for any purpose without the prior express consent of ING. All rights are reserved. Any investments referred to herein may involve significant risk, are not necessarily available in all jurisdictions, may be illiquid and may not be suitable for all investors. The value of, or income from, any investments referred to herein may fluctuate and/or be affected by changes in exchange rates. Past performance is not indicative of future results. Investors should make their own investment decisions without relying on this publication. Only investors with sufficient knowledge and experience in financial matters to evaluate the merits and risks should consider an investment in any issuer or market discussed herein and other persons should not take any action on the basis of this publication. Additional information is available on request. At the date hereof, the author, and/or the ING Group may be buying, selling, or holding significant long or short positions; acting as investment and/or commercial bankers; be represented on the board of the issuer; and/or engaging in market making in securities mentioned herein. In the United Kingdom, this report is approved and distributed by ING Real Estate Investment Management (UK Funds) Limited which is Authorised and Regulated by the Financial Services Authority. Interested parties are advised to contact the ING entity they currently deal with, or the ING entity that has distributed this report to them. Transactions should be executed through an ING entity in the client’s home jurisdiction unless otherwise permitted by law. This publication is intended to provide information to assist investors in making their own investment decisions, not to provide investment advice to any specific investor. Investments discussed and recommendations made herein may not be suitable for all investors: readers must exercise their own independent judgement as to the suitability of such investments and recommendations in light of their own investment objectives, experience, taxation status and financial position. Past performance is not necessarily indicative of future performance: the value, price or income from investments may fall as well as rise. You should not deal in derivatives unless you understand the nature of the contract that you are entering into and the extent of your exposure risk. Copyright ING Real Estate 2010 2