The Directors of Asia Pacific Investment Partners (‘APIP’) have announced the successful completion of a merger between APIP and overseas investment agency, Property Frontiers.
APIP is a 14-year old company based in Hong Kong that has grown to become the largest integrated real estate company in Mongolia, with interests in other exciting emerging markets including Myanmar, Kazakhstan, Cuba and China.
Commenting on the news, Lee Cashell, CEO of APIP said: ”We are extremely pleased to welcome Property Frontiers to the APIP family. With this merger, we see a tremendous opportunity to build on the deep research expertise and relationships Property Frontiers has built across the emerging markets property space since their foundation in 2004.
“Our proven ability to complete design-driven property developments in frontier markets such as Mongolia, coupled with Property Frontiers’ research-led advisory and international sales network, creates a truly global integrated real estate platform able to execute sales and co-development projects in a variety of emerging markets.
“The combined global database of international property investors and the libraries of emerging market property research and analysis provides the company with an unparalleled foundation for the coming resurgence in emerging and frontier market real estate.
“We are excited for the future as this transaction allows us to successfully execute opportunities via project marketing, investment and selective co-development in Myanmar, Cuba, Kazakhstan, China and any number of other emerging markets globally.”
The combined firms will continue to operate under the APIP umbrella brand, with Property Frontiers becoming a wholly-owned subsidiary and APIP’s flagship brand focussing on sales, research and selective co-developments in frontier markets outside of Mongolia. Ray Withers, who will remain the CEO of Property Frontiers following the transaction, is enthusiastic for the prospects of the combined company.
An award-winning business
He comments: ”We founded Property Frontiers with the vision of being pioneers in the emerging market real estate arena. Throughout our 12-year history we have built an award-winning business with a solid record of completing thorough research and diligence and assisting over 2,500 clients to purchase real estate in over 30 international markets as diverse as Argentina, Poland, Belize, the Middle East, Malaysia, Brazil, China, Uganda, and of course Mongolia.
“With this transaction we are able to move into the development side of the real estate industry as well. Partnering with APIP allows us to learn from an expert property developer which has a proven track record of success in frontier markets. We have worked together with the APIP team for many years and are delighted to continue the strong relationship as we grow together.”
The combined firms will have a network of operational offices worldwide including Hong Kong, Singapore, Ulaanbaatar, North America, London and Oxford. They will seek to become a leading provider of real estate investment opportunities and research products across the emerging markets to family offices, property funds and high net worth individuals.
For further information contact Lee Cashell, CEO Asia Pacific Investment Partners at: firstname.lastname@example.org