He joins Invesco from Ayala International Holdings, the publicly traded conglomerate in the Philippines, where he was in charge of Asia-Pacific property investments. As well as handling investment property portfolios, he has also been busy in property development, notably in Shanghai where he masterminded the first land-use rights agreement granted to a foreign joint venture in order to develop local housing.
Lau reports to David Ridley, managing partner for InvescoÆs real-estate team. Ridley says it is making this hiring at this time in order to reflect the expansion in the real-estate asset class in the Asian region. The introduction of real-estate investment trusts in several Asian countries necessitates having to have a bigger property investment team, and that further hires may be made if the Asian real-estate investment sector continues to develop in sophistication and size.
Invesco provides real estate investment advice and manages $24 billion of real estate and quoted securities in property companies. It is part of Amvescap, a global investment manager which operates also under the AIM and Atlantic Trust names. It has offices in several Asian countries and has a joint venture in China.
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