Listed Real Estate Asia, KT Capital Group

Jacob Cheng

Jacob has 7 years of professional buy-side experience in real estate investment and listed equities.  Jacob worked as a portfolio manager/analyst in Global Listed Real Estate team in AMP Capital and Macquarie Asset Management.  Prior to that, Jacob has spent 5 years in APG asset management, in the listed real estate team.  As one of the largest RE funds in Asia, he co-managed EUR6bn investment portfolio with the team with a focus on Hong Kong and China property.  He led the USD200m cornerstone investment in Wanda Commercial Properties IPO (the largest mall operator and developer in China).  Prior to this, Jacob has 3 years of experience in investment banking in Bank of America Merrill Lynch, covering equity, debt and M&A transactions across real estate, consumer& retail and TMT sectors.  Jacob specializes in fundamental bottom up research.  Aside from work, Jacob has a personal interest in spirituality and personal development.  He practiced meditation and has published a book about meaning of life in 2016.

Listed Real Estate Asia

Macquarie, GIC, Anthropic: A Sovereign Threat: How the Theseus AI Deal Rewires Data Center Equities

Power Is the New Land: Logistics REITs Pivot to Hyperscale AI Data Centers

The 155bn AUD Digital Land Grab: Arbitraging Australia's Gridlock

KT Capital Group

Principal investments and advisory firm that focuses on connecting the CIS countries with East Asia.

Principal investments and advisory firm

Thematic (Sector/Industry)

Australia Real estate / Thematic (Sector/Industry)

<ul>
<li>Private markets value AI data centers at astronomical premiums, highlighted by Blackstone's 185bn USD platform, creating massive public-to-private valuation arbitrage for Asia-Pacific listed equities.</li>
<li>NextDC offers a prime actionable long trade, boasting a massive multi-hundred megawatt pipeline and elite NVIDIA-certified 600kW liquid-cooling capabilities necessary for next-generation AI workloads.</li>
<li>Accelerated hyperscaler leasing drives massive upside, while supply chain bottlenecks for critical electrical switchgear and transformers present the primary downside risk to near-term invested capital returns.</li>
</ul>


Private markets value AI data centers at astronomical premiums, highlighted by Blackstone's 185bn USD platform, creating massive public-to-private valuation arbitrage for Asia-Pacific listed equities.
NextDC offers a prime actionable long trade, boasting a massive multi-hundred megawatt pipeline and elite NVIDIA-certified 600kW liquid-cooling capabilities necessary for next-generation AI workloads.
Accelerated hyperscaler leasing drives massive upside, while supply chain bottlenecks for critical electrical switchgear and transformers present the primary downside risk to near-term invested capital returns.


Blackstone’s Data Center Platform $185 Billion Valuation: LONG NextDC as Ultimate Listed Infra Trade