Asia Pacific Investment Partners (APIP) has completed a merger with 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 emerging markets including Myanmar, Kazakhstan, Cuba and China.
Commenting on the news, Lee Cashell (pictured left), the Chief Executive Officer of APIP said: “We are extremely pleased to welcome Property Frontiers to the APIP family. With this merger, we see 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.”
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 focusing on sales, research and selective co-developments in frontier markets outside Mongolia.
Ray Withers, who will remain as CEO of Property Frontiers, was enthusiastic for the prospects of the combined company.
He said: “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 more than 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 delighted to be 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 who 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 boast a network of offices around the world including in Hong Kong, Singapore, Ulaanbaatar, North America, London and Oxford. They will aim to become the leading provider of real estate investment opportunities and research products across the emerging markets to family offices, property funds and high net worth individuals.
