13 July 2017
Reporter: Theo Andrew

M&G strengthens senior management team across Asia

M&G Real Estate has added three senior appoints to its team in Asia.

Tenshin Ito joins as head of Japan, responsible for M&G’s Japanese acquisitions and asset management teams. Based in Tokyo, he will report to Chiang Ling Ng, chief executive and chief investment officer of M&G Real Estate Asia.

Ito has over 25 years experience across various real estate sectors in Japan, and joins from Tosei Asset Advisors where he was executive officer responsible for establishing its J-REIT business.

Prior to this he was an executive officer at IDERA Capital Management and senior officer at Mitsubishi UFJ Securities.

In Singapore, Richard van den Berg (pictured) will join as fund manager of the group’s core Asia property strategy. He replaces Scott Girard who is moving back to Australia to rejoin his family.

Berg joins from CBRE Global Investors where he was managing director and has over 30 years experience in the Asian real estate market, including stints at ING Real Estate and Rodamco Asia.

Elsewhere, Robert Walker will join as an independent board director for M&G’s core Asia property strategy, subject to regulatory approval.

Walker, who would join in November, has nearly 30 years of experience in Asia-based property roles. Most recently, he was head of Asia Pacific Real Estate at the Abu Dhabi Investment Authority.

Ling Ng said: “We are delighted to welcome Tenshin Ito, Richard van den Berg and Robert Walker to the team. They bring a wealth of experience of the Asia Pacific real estate markets and we are confident that these significant appointments will further consolidate our leadership position and deliver long-term income and capital growth to our investors.”

More news
The latest news from Real Estate Investment Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Warehouse REIT acquires four UK assets
25 September 2017 | London | Reporter: Theo Andrew
The purchase, which is in addition to the £108.85 million 27-asset Tilstone Portfolio, represents a net initial yield of 7.5 percent
AEW strengthens Madrid portfolio
25 September 2017 | Madrid | Reporter: Theo Andrew
AEW has acquired an office in Madrid on behalf of its European Value Investors fund, for €30 million
The top 100 private real estate fund managers accounted for 62 percent of total industry fundraising over the past decade, according to a new Preqin report
BlackRock sells Marina Bay office for SGD 2.12 billion
22 September 2017 | Singapore | Reporter: Theo Andrew
BlackRock has agreed to sell Asia Square Tower 2, in Singapore’s Marina Bay, to CapitaLand Commercial Trust, for SGD 2.12 billion (US $1.6 billion)
JLL names head of capital markets for CEE region
22 Septmeber 2017 | Prague | Reporter: Theo Andrew
JLL has appointed Mike Atwell as head of capital markets the Central Eastern European (CEE) region and the Czech Republic
HFF facilitates sale of residential and office assets
21 September 2017 | Plainsboro, New Jersey | Reporter: Jenna Lomax
Kushner Companies has acquired Quail Ridge Apartments in New Jersey, for $146 million, and Perimeter Park in North Carolina has sold for $105.5 million
Fitch revises ratings of retail REIT duo
21 September 2017 | New York | Reporter: Becky Butcher
Fitch Ratings has revised the ratings and outlook of Washington Prime Group (WPG) and CBL & Associates Properties, two retail REITs