Phoenix Property Investors Explained

Phoenix Property Investors Limited
Native Name:豐泰地產投資有限公司
Type:Private
Industry:Private equity real estate
Foundation:[1]
Founders:Samuel Chu
Benjamin Lee
Location:Hong Kong
Aum:US$8.1 billion (31 December 2021)[2]
Num Employees:170
Footnotes:[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

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. 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.[12]

Notes and References

  1. Web site: Asia . Tatler . Samuel Chu . Tatler Asia . en . 15 October 2022 . 15 October 2022 . https://web.archive.org/web/20221015032818/https://www.tatlerasia.com/people/samuel-chu . live .
  2. Web site: Home – Phoenix Property Investors . www.ppinvestors.com . 15 October 2022 . 15 October 2022 . https://web.archive.org/web/20221015031801/https://www.ppinvestors.com/ . live .
  3. Web site: Form ADV . SEC . 24 November 2022 . 19 December 2022 . https://web.archive.org/web/20221219112145/https://reports.adviserinfo.sec.gov/reports/ADV/162476/PDF/162476.pdf . live .
  4. Web site: 15 October 2022 . Institutional Real Estate, Inc. – Global Investment Managers 2022 . https://web.archive.org/web/20221015030543/https://propertyfundsresearch.com/wp-content/uploads/2022/08/2022_PFR-IREI-REPORT-USDOLLARS.pdf . 15 October 2022 . 15 October 2022.
  5. Web site: 26 November 2014 . Phoenix Property Investors eyes new opportunities in Southeast Asia . 15 October 2022 . South China Morning Post . en . 15 October 2022 . https://web.archive.org/web/20221015041611/https://www.scmp.com/property/hong-kong-china/article/1648591/phoenix-property-investors-eyes-new-opportunities-southeast . live .
  6. Web site: Contact – Phoenix Property Investors . www.ppinvestors.com . 15 October 2022 . 15 October 2022 . https://web.archive.org/web/20221015033826/https://www.ppinvestors.com/en/contact.html . live .
  7. Web site: 26 June 2020 . Hong Kong property fund in distress trap as trade war, virus hit China bets . 15 October 2022 . South China Morning Post . en . 15 October 2022 . https://web.archive.org/web/20221015040422/https://www.scmp.com/business/companies/article/3090608/we-are-walking-towards-default-hong-kong-real-estate-fund . live .
  8. Web site: Hatton . James . 28 May 2020 . Phoenix in Danger of Defaulting on Shanghai Office Project . 15 October 2022 . Mingtiandi . en-US . 15 October 2022 . https://web.archive.org/web/20221015040419/https://www.mingtiandi.com/real-estate/finance/phoenix-in-danger-of-defaulting-on-shanghai-office-project/ . live .
  9. Web site: Laforga . Beatrice . 2023-06-15 . Phoenix, Lendlease Form Sydney Industrial JV . 2024-01-08 . Mingtiandi . en-US . 8 January 2024 . https://web.archive.org/web/20240108120339/https://www.mingtiandi.com/real-estate/logistics/phoenix-expands-aussie-bets-with-126m-lendlease-industrial-jv-in-sydney/ . live .
  10. Web site: Brasse . Jonathan . 2024-01-15 . Phoenix removes China from the strategy of its seventh opportunity fund . 2024-01-22 . PERE . en-US . 17 January 2024 . https://web.archive.org/web/20240117020529/https://www.perenews.com/phoenix-removes-china-from-the-strategy-of-its-seventh-opportunity-fund/ . live .
  11. Web site: 1 September 2021 . Landlord of DJI store likely to split massive space into smaller units . 15 October 2022 . South China Morning Post . en . 15 October 2022 . https://web.archive.org/web/20221015043108/https://www.scmp.com/business/companies/article/3146990/djis-causeway-bay-store-likely-be-split-smaller-units-landlord . live .
  12. Web site: Singh . Ishveena . 11 August 2021 . Why DJI is shuttering its flagship store in Hong Kong . 15 October 2022 . DroneDJ . en-US . 15 October 2022 . https://web.archive.org/web/20221015041611/https://dronedj.com/2021/08/11/dji-closing-hong-kong-store/ . live .

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