Phoenix Property Investors Limited
Native name
豐泰地產投資有限公司
TypePrivate
IndustryPrivate equity real estate
Founded2002 (2002)[1]
FoundersSamuel Chu
Benjamin Lee[1]
HeadquartersHong Kong
AUMUS$8.1 billion (December 31, 2021)[2]
Number of employees
170[2]
Websitewww.ppinvestors.com
Footnotes / references
[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.[1] 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]

The most notable property owned by Phoenix is Tower 535 located in Causeway Bay, Hong Kong.[9] It served as the flagship store of DJI in Hong Kong until August 16, 2021.[9][10]

Funds

Fund[11] Vintage Year Committed Capital ($m)
Phoenix Asia Real Estate Investments IV 2010 USD 450
Phoenix Asia Real Estate Investments V 2013 USD 750
Phoenix Asia Real Estate Investments VI 2019 USD 1,150

References

  1. 1 2 3 4 5 Asia, Tatler. "Samuel Chu". Tatler Asia.
  2. 1 2 "Home – Phoenix Property Investors". www.ppinvestors.com.
  3. ↑ "Form ADV" (PDF). SEC. Retrieved November 24, 2022.
  4. ↑ "Institutional Real Estate, Inc. – Global Investment Managers 2022" (PDF). October 15, 2022. Archived from the original (PDF) on October 15, 2022. Retrieved October 15, 2022.
  5. ↑ "Phoenix Property Investors eyes new opportunities in Southeast Asia". South China Morning Post. November 26, 2014. Retrieved October 15, 2022.
  6. ↑ "Contact – Phoenix Property Investors". www.ppinvestors.com.
  7. ↑ "Hong Kong property fund in distress trap as trade war, virus hit China bets". South China Morning Post. June 26, 2020. Retrieved October 15, 2022.
  8. ↑ Hatton, James (May 28, 2020). "Phoenix in Danger of Defaulting on Shanghai Office Project". Mingtiandi. Retrieved October 15, 2022.
  9. 1 2 "Landlord of DJI store likely to split massive space into smaller units". South China Morning Post. September 1, 2021. Retrieved October 15, 2022.
  10. ↑ Singh, Ishveena (August 11, 2021). "Why DJI is shuttering its flagship store in Hong Kong". DroneDJ. Retrieved October 15, 2022.
  11. ↑ "Phoenix Property Investors | Palico". www.palico.com. Retrieved October 15, 2022.
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