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

Hongkong Land HKL SP: A Strategic Update and on a Transformational Path

Hongkong Land: The USD 100bn Ultra-Premium Pivot Unlocks Massive Asymmetric Value

Cap Rate Expansion: Hong Kong Real Estate Valuation Are Collapsing

Pair Trade: Shorting Peak HK Optimism SHKP 16HK to LONG China’s Real Estate Capitulation COLI 688HK

KT Capital Group

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

Principal investments and advisory firm

Equity Bottom-Up

<ul>
<li>A perfect 100 GRESB score and approved science-based targets lower the cost of capital, making the portfolio a magnet for SFDR Article 8 and 9 institutional funds.</li>
<li>Transitioning to a USD 100bn AUM fund manager unlocks massive value, supported by a USD 650m share buyback exploiting a steep net asset value discount.</li>
<li>Exiting the build-to-sell segment de-risks cash flows and accelerates capital returns, while providing a hard yield floor through a secure US cents 25.0 base dividend.</li>
</ul>


A perfect 100 GRESB score and approved science-based targets lower the cost of capital, making the portfolio a magnet for SFDR Article 8 and 9 institutional funds.
Transitioning to a USD 100bn AUM fund manager unlocks massive value, supported by a USD 650m share buyback exploiting a steep net asset value discount.
Exiting the build-to-sell segment de-risks cash flows and accelerates capital returns, while providing a hard yield floor through a secure US cents 25.0 base dividend.


Hongkong Land: Unlocking ESG Premium with Perfect GRESB Score