May 2020

Final Close of Chelsfield Asia Fund 1 Announced

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Asia

May 2020

Final Close of Chelsfield Asia Fund 1 Announced

More >

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
  • 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
  • Yo-Hann Tan Senior Managing Director, Business Development
    Yo-Hann TanSenior Managing Director, Business Development
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    • 25 years of real estate capital markets investment, financing and fund management
    • Former Head and CEO of BNP Paribas Real Estate Asia-Pacific
    • Former Deputy-CEO Asia-Pacific and General Counsel of Aareal Bank Asia Limited
    • Independent Director of Standards and Regulations Board, Royal Institution of Chartered Surveyors
    • Board Treasurer of INARA (“International Network for Aid, Relief and Assistance”)
    • Former Managing Director, Savills Investment Management
    • Former Senior Advisor of Global Counsel, a strategic public policy advisory boutique

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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