13 July 2017
Tokyo
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
EPIC warehouse acquisition in the pipeline
20 November 2017 | London | Reporter: Stephanie Palmer
Ediston Property Investment Company (EPIC) is set to acquire four retail warehouse parks in the UK from Stadium Group, for £144 million
HFF delivers $288.8 million loan for resi project
17 November 2017 | San Jose, California | Reporter: Theo Andrew
HFF has secured $288.8 million of construction financing for two luxury residential towers in San Jose, California
CBRE Capital Advisors chosen for £100 million fund
16 November 2017 | Belfast | Reporter: Theo Andrew
The Northern Ireland fund will provide debt finance for real estate, regeneration, low carbon and infrastructure projects. It has been appointed on a 15 year mandate
AXA IM - Real Assets hit final close on logistics club
15 November 2017 | London | Reporter: Theo Andrew
The fund, which seeks to invest in 1 million square metres of logistics developments across Europe, raised the equity commitments from four international institutional investors
LaSalle names European head in business restructure
14 November 2017 | Paris | Reporter: Theo Andrew
Karim Habra was previously head of France for LaSalle, and his appointment replaces the firm’s previous structure of naming country heads for Europe
L&G settles on UK retirement villages for £102 million
14 November 2017 | London | Reporter: Theo Andrew
The portfolio, not yet fully developed, will comprise of 694 units, located in Liphook in Hampshire; Faygate in West Sussex; Exeter in Devon; and Great Alne in Warwickshire
Patrizia acquires German-based Triuva
13 November 2017 | Berlin | Reporter: Theo Andrew
Triuva had AUM of approximately €9.8 billion, meaning the deal, for an undisclosed price, places Patrizia in the top 10 European investment managers