.png?JE6XJqt8Kl53CbdT1IPExmbNz7wzyhoq&itok=Wi_NuD2b "Investment firm M&G Real Estate has appointed Jason Leong as fund manager of its flagship M&G Asia Property Fund. (Source: M&G Real Estate)")
Investment firm M&G Real Estate has appointed Jason Leong as fund manager of its flagship M&G Asia Property Fund. As of March 31, the fund is valued at US$7 billion ($9.04 billion) and is the region’s largest open-ended, core real estate fund with a 20-year track record.
According to a May 6 press release, Leong’s appointment is part of M&G’s long-term succession plan. He joined M&G two years ago as deputy fund manager, working alongside his predecessor, Richard van den Berg, to manage the growth and composition of the fund’s investment portfolio.
In that time, Leong has led multiple strategic acquisitions and developments, including the recent acquisition of a 50% stake in the US$135.2 million Ingleburn Logistics Park in Sydney and the completion of M&G’s first business-park office investment in Singapore, the Surbana Jurong Campus. He brings with him over 25 years of real estate investment and management experience across the Asia Pacific region.
Van den Berg has announced his intentions to retire at the end of June, after a 36-year career in real estate investment management, over a decade of which was with M&G.
“Jason’s extensive experience and his collaboration with Richard have driven the performance of the M&G Asia Property Fund over the last two years,” said Jing Dong Lai, CEO of M&G Real Estate Asia. “These foundations position him exceptionally well to lead the strategy into its next phase, driving further growth and exploring new opportunities in the evolving real estate market.”
Van den Berg adds: “Having worked with Jason extensively, I’m confident in his ability to lead this talented team and continue to deliver for our clients.”
M&G Real Estate is the 11th largest real estate manager globally of those headquartered outside of the US. It has nine offices in Europe and four in the Asia Pacific.
