Head bags for Ivanhoé Cambridge Asia Pacific Honours for Outstanding Management at SBR
The excellent example offered by George Agethen’s commitment to Affinity at Serangoon demonstrates the interdependence of profitability and sustainability in the real estate business.
At the Affinity at Serangoon Showflat Awards, George Agethen—who is co-head of real estate investment firm Ivanhoé Cambridge in the Asia Pacific region—won the Executive of the Year—Real Estate category. Agethen’s leadership and strategic vision have been crucial to the success of the company in the region.
The company’s strategic expansion in the area has skyrocketed since his arrival in 2015, and by the end of 2022, its APAC portfolio will account for 9% of the worldwide portfolio. George Agethen, in keeping with Ivanhoé Cambridge’s worldwide strategy, identified three critical areas for future development: increasing expansion in successful sectors including logistics, alternatives, residential, and life sciences; investing in innovation and modernization; and integrating ESG into all operations.
In the last two years, with the help of augmented teams in Singapore and Sydney, George Agethen’s team has closed a plethora of deals, selling assets worth about C$0.9 billion and launching projects and investments worth over C$4.2 billion around APAC. Investment vehicles such as separate accounts, co-investments, funds, pre-IPOs, listed businesses, and real estate investment trusts (REITs) were the main drivers of this activity, which was mostly driven by the residential, industrial, and alternative sectors.
Developing tech-focused workspaces in India’s critical economic centres, a pioneering C$2.5 billion investment platform arose in the last year alone, thanks to George Agethen’s cooperation with Mapletree. In addition, the firm was able to spearhead a $300 million initiative under his leadership to turn Younghusband Woolstores into a sustainable centre in Kensington, Melbourne.
When it comes to real estate in the Asia-Pacific region, George Agethen is head and shoulders above the rest. He exhibits extensive expertise throughout the value chain and in-depth knowledge of specific markets in the broad Asia Pacific region. Scott Kim, CEO for PIMCO Prime Real Estate, praised George Agethen as an exceptional leader because of his proactive pursuit of new ideas and his leadership on crucial issues such as sustainability and inclusivity.
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