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New Appointment for Knight Frank Malaysia’s Capital Markets

20 July 2015


New Appointment for Knight Frank Malaysia’s Capital Markets

21 July 2015, MalaysiaKnight Frank Malaysia is delighted to announce the appointment of James Buckley as Executive Director, Capital Markets.

With 20 years of experience in the real estate and fund management industry (with the last 15 years based in Asia), James has worked on a significant number of high profile investment portfolios and has extensive experience in direct and indirect real estate investment, asset and development management and private equity fund set up and management.  

James started his career with Grosvenor, one of the largest privately owned property companies in the world. He was transferred to Grosvenor’s Hong Kong office in 2000 to oversee the development of Grosvenor’s first development in Asia, called Grosvenor Place, which won several international awards. Between 2006 and 2008, he was Investment Director at Harvest Capital Partners (now renamed to CR Capital Real Estate Partners), a wholly owned subsidiary of the China Resources Group, where he set up and ran the investment team.

He then proceeded to head Schroders Property’s Asia division, responsible for underwriting investments in Australia, Hong Kong, Singapore, China and Japan, predominantly for European institutional investors. Prior to joining Knight Frank Malaysia this July 2015, James was previously Executive Director& Head of Funds Management at Tan-EU Capital, a boutique private equity real estate fund manager focused on Chinese real estate investment.

According to Sarkunan Subramaniam, Managing Director of Knight Frank Malaysia, James’s appointment indicates the strategic importance of Capital Markets in Malaysia for the Knight Frank business, to fully service our clients on both a local and international platform.

“It is clear that the local market is poised to see interest not only locally but from foreign parties capitalizing on the weak state of the ringgit. This is evidenced by recent activity in major commercial property investment transactions such as the acquisition of Integra Tower for RM1.06 billion from a private real estate fund by The Retirement Fund Incorporated (KWAP), acquisition of Kuala Lumpur luxury hotel DoubleTree by Hilton by real estate tycoon Asok Kumar Hiranandani of the Royal Group at RM720, 000 per room key and the purchase of Tropicana City Mall and Offices by Capitaland for RM540 million among others.

 

With the Fitch Rating maintaining Malaysia’s long-term foreign currency issuer default rating (IDR) at A- and local currency at A and added with an overall outlook revised from the previous negative rating to a now to stable one, the Ringgit is expected to strengthen in the long run and creating the absolute right time for foreign investors to be looking at Malaysia.

James’s extensive international experience and network of Ultra High Net Worth Individuals will be invaluable to our clients in the marketplace and we see this as a huge growth opportunity for us” he said.

James says, “Malaysian corporations are not new to overseas investment, but over the last 5 years, their investments, particularly in the mature, transparent and accessible markets of the UK and Australia have continued to rise.  Knight Frank has advised on over USD3 billion of investment transactions across Asia Pacific and USD 38 billion of commercial sales and purchases globally over the past 12 months. Thanks to Knight Frank’s global scale of operation, we are able to show our clients interesting propositions from small to medium sized opportunities to trophy assets. We have a strong Malaysian real estate platform and I am excited to join and expand the delivery of services to our clients.”  

END

 

For further information, please contact:

Ms Pamela Phua, Asst. Marketing and Communications Manager, Knight Frank Malaysia

pamela.phua@my.knightfrank.com +603 2289 9669 @KnightFrank_my

About Knight Frank

Knight Frank LLP is the leading independent global property consultancy. Headquartered in London, Knight Frank, together with its US alliance partner, Newmark Grubb Knight Frank, operate from 370 offices, in 55 countries, across six continents and has over 12,000 employees. The Group advises clients ranging from individual owners and buyers to major developers, investors and corporate tenants. For further information about the Company, please visit www.knightfrank.com.