New Silkroutes Group forms JV for real estate asset management
New Silkroutes Group has launched SilkrouteAsia Asset Management, a joint venture company that will focus on residential and commercial real estate projects in the United States and Asia.
New Silkroutes Capital, NSG’s wholly owned investment arm, has a 35 percent stake in SilkrouteAsia Asset Management, which will focus on real estate advisory, deal originations and investment structuring. Singapore-based SilkrouteAsia Asset Management also will co-invest in projects with strategic partners.The other shareholders in SilkrouteAsia Asset Management are Steven Loh, who has a 50 percent stake and will head the joint venture, and Global & Advisory Investments, which owns 15 percent.
SilkrouteAsia Asset Management’s target markets are the United States, China, Japan, South Korea, Hong Kong, Singapore and Malaysia. It will identify projects in these markets, source for investors, and seek to optimize or unlock value in these properties.
Loh is a former country