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May 2020

Final Close of Chelsfield Asia Fund 1 Announced

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About us

Chelsfield established its presence in Asia in 2016 and soon after launched its first fund, Chelsfield Asia Fund 1, which subsequently closed in May 2020 at US$362.5 million plus a US$150 million co-investment commitment.

The Fund focuses on acquiring under-performing assets and transforming them into high-quality real estate assets which deliver above benchmark returns for its investors.

Chelsfield Asia brings the expertise of a forward-thinking value-add operator with a track record in creative repositioning of assets.

It has offices in Hong Kong, Shanghai, Singapore and Tokyo with integrated teams of investment and real estate professionals with proven track records in each city.

Leadership

Led by real estate veteran Nick Loup, the team has an average of over 20 years of real estate experience and 11 years of shared work history, having previously established a successful real estate business in Asia, during which above benchmarks returns were consistently delivered. The team has invested through multiple cycles and demonstrated a strong ability at capitalising on opportunities and avoiding pitfalls. It also benefits from an in-depth market knowledge as well as an extensive local network with access to hard-to-rival proprietary off-market opportunities.

Nick Loup CEO

Nick LoupCEO

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- Over 35 years of real estate investment experience, of which 28 in Asia
- Founder and former CEO of Grosvenor Asia Pacific for over 20 years
- Former Chairman and current management board member of ANREV (Asian Association for Investors in Non-Listed Real Estate Vehicles)
- Former Director of Asia Standard International, a Hong Kong based property developer and manager
- Former Vice Chairman of the Council of China’s Foreign Trade and Commerce
- Member of the British Chamber of Commerce General Committee – Business Policy Unit
- Director of the Spinal Cord Injury Fund
William Lo COO

William LoCOO

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- Over 15 years of real estate experience
- Former COO and Finance Director at Grosvenor Asia Pacific for over a decade
- Former Finance Director at AIA Capital Corporation
- Member of the Finance Committee of ANREV (Asian Association for Investors in Non-Listed Real Estate Vehicles)
Daijiro Murakami Head of Japan
Managing Director

Daijiro MurakamiHead of Japan
Managing Director

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- Over 25 years of real estate experience
- Former Executive Director at Grosvenor Limited overseeing Investment, Asset Management and Development
- Former Investment Committee Member of Grosvenor Asia Pacific
- Successful track record of investment, development and asset management in a wide range of sectors such as office, residential, retail, hotel and senior living
- Introduced cutting-edge design to development/value-add projects, embedding next-generation technology that works towards a target of carbon neutral
- Over 20 years of team management experience
Dor Win Tan Director of Projects

Dor Win TanDirector of Projects

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- Over 15 years of experience working on complex mixed-use developments in Asia
- Former Corporate Director of Design & Construction for Taubman Asia
- Strong and successful track record in building teams and delivering projects in Asia
- Previously with Capitaland and involved in the conceptual design of two landmark projects in Singapore & China (Jewel at Changi Airport & Raffles City Chongqing)
- Holds an MBA (Specialization in Real Estate) from National University of Singapore, sponsored by Capitaland
David Tibbott Head of Singapore
Regional Director, Asset Management

David TibbottHead of Singapore
Regional Director, Asset Management

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- Over 20 years of real estate experience
- Former Senior Vice President of Frasers Property Limited overseeing Retail Investment, Asset Management and Development in Thailand
- Former Chairman of the British Chamber of Commerce and Vice Chairman of the European Chamber of Commerce
- Successful track record of investment, development, and asset management across a wide range of sectors such as office, retail, and hospitality across the Asia Pacific region
- Previously with both Swire Properties Ltd and Hongkong Land Ltd, covering China and South East Asia region
- Holds a master’s degree from the University of Cambridge
- Over 10 years of senior leadership experience
Elaine Miao Investment Director Shanghai

Elaine MiaoInvestment Director Shanghai

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- Over 15 years of real estate investment experience
- Proven experience in business development, underwriting, portfolio monitoring, government relationships, and managing in aggregate over USD 3 billion of capital in RMB and USD real estate funds
- Strong track record in real estate investment in China, covering residential, retail, office and logistics asset classes
- Previously worked with CITIC Capital, China Oriental Summit Capital and Hang Seng Bank, responsible for investment and business development with a focus on China
Sam Chiu Director of Logistics

Sam ChiuDirector of Logistics

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- Over 20 years of real estate experience
- Former Deputy General Manager at Sun Hung Kai Properties and subsidiaries, specialising in property investment, asset enhancement and leasing management
- Oversaw a 4 million sq ft complex asset consisting of industrial, logistics and multi-level carparks
- Research lead on property markets, government policies, and specific industries, including cold chain, data centres, freight forwarding and contract logistics.
- Promoted carbon reduction strategies in various portfolio holdings

Our approach

Markets

Focus on the largest, most liquid and transparent Asia sub-markets of Hong Kong, Shanghai, Singapore and Tokyo.
Sectors

Focus on mixed-use, office, residential and retail sectors.
Deal access

Leverage its extensive network of local relationships to access privately negotiated, proprietary and off market transactions.
Management

Apply a proactive asset management and value-add strategy to deliver high-quality assets through refurbishment, repositioning, change of use, creative marketing campaigns and active tenant management.
Development ethos

Create best-in-class assets with a focus on innovative design, wellness and sustainability while having a positive impact on surrounding communities and stakeholders.
Deal selection

Focus on the acquisition of underperforming assets in prime locations or gentrifying areas with future infrastructure improvements and regeneration plans.

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