6 August 2016 – by David Hatcher
Collin Lau’s BEI Capital is to start investing in the UK, after the investment firm joined the St Bride’s Global Alliance.
The Hong-Kong based company headed by Lau, China Investment Corporation’s former head of global real estate, will now work closely with Robert Houston, former global chairman and chief executive of ING Real Estate Investment Management and chairman of the St Bride’s alliance.
The alliance is an informal agreement between real estate companies with different specialisms and geographical focuses to work together on cross-border strategies.
As a result of the tie-up, BEI and EG Funds Management, the Sydney-based member of the alliance, will bring together Asian and Australian investors in a fund to invest in the UK in the next six to 12 months.
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UK and European clients of St Bride’s Strategic Advisors, the London-based advisory business headed by Houston, will work alongside BEI to find investments in Asia.
Houston said: “The aim of the alliance is to promote global best practices and knowledge-sharing and open avenues for global investors to invest in the world’s leading property markets.
“Collin brings a wealth of experience, especially in the Chinese and Asian markets.”
St Bride’s Global Alliance now has six members with total assets under management of $3.5bn (£2.7bn). They are: BEI Capital, EG Funds Management, St Bride’s, a separate St Bride’s Managers office in the US, and Oxygen Asset Management and Morgan Capital Partners, both based in London.
The alliance is seeking one more partner to broaden the alliance into Japan.
