M&G Real Estate (M&G) has appointed Jason Leong as deputy fund manager of its flagship core Asia-Pacific property strategy.
Based in Singapore, Leong reports to Richard van den Berg, manager of the strategy. The two will support the performance and growth of the strategy.
Leong has more than 25 years of real estate investment and management experience in the region, including in key markets such as Australia, Japan and Singapore where he worked for various multinational organizations.
Most recently, he was group executive and head of investment management at Investa in Sydney, responsible for the group’s fund management, separate mandates and asset management businesses with A$12 billion (US$7.9 billion) in assets under management.
During his 11 years at Investa, Leong completed several key transactions including 60 Martin Place, a premium office development in Sydney, and executed Australia’s first green loan and second green bond. Prior to that, Jason held senior positions at LaSalle Investment Management and New City Corporation.
According to M&G, its core Asia-Pacific property strategy is the oldest and largest open-ended core strategy in the region. The strategy focuses on well-located prime assets across developed markets in Asia-Pacific that are underpinned by structural and demographic trends, with an objective to create a diversified portfolio of high-quality and sustainable properties in key sectors such as logistics and residential, while strategically acquiring premium-grade offices in gateway cities.
Year to date, M&G has increased its stake in ESR Ichikawa Distribution Centre in Japan, making it the majority stakeholder of the property, and acquired four industrial properties in Singapore from auto distributor Jardine Cycle & Carriage.
