Fund manager EG is partnering with a major Asian REIT to manage its investments and acquisitions in Australia
EG will assist in managing Link REIT’s investments in Australia by providing quality asset management services to their tenants and customers.
The fund manager will also take an active role managing the strategic approach to Australian acquisitions on behalf of the Hong-Kong based investor, who is seeking to grow their business presence across international markets including the UK, Japan and Singapore.
Link REIT currently has $33 billion in assets under management, all but two of which are located in Tier 1 Chinese cities.
The REIT also acquired a premium office asset at 100 Market Street in the Sydney CBD for $700m in 2020 – prior to collaborating with EG.
EG divisional director of business development Chris Pak – who will be dedicated to leading the Asian REIT venture – said the funds manager was excited to have the support of another major offshore international player and looks forward to supporting Link in securing solid, risk-adjusted returns.
“My key focus will be supporting Link REIT’s international success, separate to EG’s existing institutional funds and wholesale investor offerings,” he said.
Link REIT chief strategy officer Eric Yau was excited to have EG’s expertise in capital transactions, investment and asset management services, which will help drive the success of this distinct endeavour.
“[We are] eager to work closely with EG to deliver our key market expansion and accomplish our vision to be a world class real estate investor and manager,”.
Founded in 2000, EG is investing $4.3 billion under management on behalf of super funds and private wealth clients to generate outstanding returns with lasting social impact.
With $3.9 billion in development pipeline, and 16.7 per cent per annum in realised IRR for institutional funds, EG is committed to finding a better path to better returns.