Grosvenor Group Limited (‘Grosvenor’), one of the world’s largest privately-owned international property groups, announces the appointment of Sing Cheong Liu as Non-Executive Chairman of the Grosvenor Asia Pacific board. He succeeds Keith Kerr who has served on Grosvenor’s Asia Pacific board since 2013. Mr. Liu will join the board in November 2018 and will formally take on the role of Chairman from March 2019 onwards.
A Chartered Surveyor by profession, Mr. Liu is the founder of Evergreen Real Estate Consultants Ltd, which was created in Guangzhou in 1993. Evergreen provides comprehensive land and property development consulting services to leading domestic and foreign developers as well as government authorities and institutional investors.
Mr. Liu founded a real estate consultancy firm in China in the early 1990’s. At the point of selling the group’s major operation in January 2016, the organisation employed over 9,000 people.
Mr. Liu is an Independent Non-Executive Director of Swire Properties Limited and Chairman of its Remuneration Committee. He is also an Independent Non-Executive Director of Prada S.p.A. and a Director of Hong Kong Sales (International) Limited, a privately owned knitwear manufacturer with a 50-year history. He is also a “Justice of the Peace” of the HKSAR Government and the Founding Chairman of the Royal Institution of Chartered Surveyors Asia Pacific Board.
Peter Vernon, Executive Director, Grosvenor Group, comments:
“We are delighted to appoint Sing Cheong Liu as Non-Executive Chair of Grosvenor Asia Pacific. He brings to Grosvenor outstanding knowhow and insight into Asia property markets, which will prove invaluable as we continue to grow our business in the region.
“Our thanks go to Keith Kerr for his outstanding contribution to Grosvenor Asia Pacific over the past five years. His experience of local markets, developed over 35 years at Swire Properties in Hong Kong, has provided us with invaluable insights and wise counsel.”
Benjamin Cha, Chief Executive, Grosvenor Asia Pacific, comments:
“Our Asia strategy centres on deepening our presence in each of our key markets of Tokyo, Hong Kong and the Shanghai/Yangtze River Delta region, strengthening our asset management and development capability in these markets and working through strategic joint ventures to achieve this where required. I am thankful to Keith for his wise counsel and first rate contribution over recent years and thrilled to be able to count on the insight and guidance of Sing Cheong Liu going forward.”
For more information contact:
Grosvenor Group Media Relations Manager
T +44 0(20) 7312 7008 / M +44 (0)7919 321 422
Grosvenor Group Communications Director
T +44 (0) 20 7312 6435 / M +44 (0) 7736 383 262
Notes to Editors
About Grosvenor Group:
Grosvenor Group is one of the world’s largest privately-owned property companies. We develop, manage and invest in property in more than 60 cities around the world.
Through the activities of Grosvenor Britain & Ireland, Grosvenor Americas, Grosvenor Asia Pacific and Grosvenor Europe we diversify the Group’s property portfolio by geography, sector, activity, currency and management teams.
Our Indirect Investment business further diversifies the Group’s property interests beyond the expertise and strategies of our four regional Operating Companies. It invests Grosvenor’s capital in Africa, Australia, Europe and North and South America.
Grosvenor Group’s purpose is to deliver lasting commercial and social benefit. To live up to this ambition, for over 10 years we have adopted an approach we call 'Living cities' which aims to guide and inspire our property activities.
Achieving strong commercial returns enables our activities to be enduring. Applying our expertise with a far-sighted perspective to improve properties and places provides a positive impact on communities, neighbourhoods and cities.
About Grosvenor Asia Pacific:
Grosvenor Asia Pacific is a developer and investor in property and has been active in the Asia Pacific region for more than 20 years.
Our strategy is to expand the business in our chosen markets of Hong Kong, Tokyo and Shanghai through three areas of activity; high-quality residential development, investment in the residential and office sectors, and the development of best-in-class buildings in the central business districts of Shanghai and Hong Kong through co-investment partnerships.
Grosvenor Asia Pacific is part of the Grosvenor Group, one of the world’s largest privately-owned property companies which develops, manages and invests in property in more than 60 cities around the world.
As at 31 December 2017, Grosvenor Asia Pacific had assets under management of HK$9.4bn.