Christie Ou
The appointment comes as the firm plans to more than double its assets under management to $100bn including third-party capital.
Prior to Milan Khatri’s appointment, the firm hired BlackRock’s former head of Asia real estate to run its overall investment business.
The US firm's real estate credit business has previously focused on the US, Europe and Australia.
With one eye on the new market cycle, emerging and evolving capital sources are mobilizing to make the most out of an allocation to private real estate.
Alongside the APAC-focused main fund, the firm is working with Aermont Capital to develop a separate sleeve for European data centers.
The firm has acquired three offices under the core strategy in Singapore, Sydney and Seoul since it was launched in 2018.
In opening an office next door to Korea’s largest investor, Hines’ bold move emphasizes the importance of strategic relationship management in today’s private real estate market.
The Singapore-headquartered firm will combine its real estate and alternative assets units into a real assets platform led by the group CEO.
One major takeaway from the week-long event was the differing real estate estate appetites between Korean and Japanese investors.
The South Korean pension fund has kicked off its return to equity investing in the asset class with commitments to logistics strategies.