New Silkroutes Group in first property venture

Real_estateSingapore-based New Silkroutes Group has set up a real estate investment firm in partnership with a former employee of Singapore's sovereign wealth fund. Steven Loh, who has a 50% stake in SilkrouteAsia Asset Management, is a former country manager for South Korea, China and Japan for the GIC fund. He will head the company. Global & Advisory Investments, another investment firm, has a 15% stake. “This joint venture marks our foray into real estate investment,” said Goh Jin Hian, chief executive of New Silkroutes Group, who said Loh's contacts in the US and Asia would be useful in building up the new business. SilkrouteAsia Asset Management aims to invest in property in the US, China, Japan, South Korea, Hong Kong, Singapore and Malaysia. Established in 1994, New Silkroutes Group is listed on the Singapore Exchange. ©2017 funds global asia

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