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

India Real Estate: Domestic Demand & Infrastructure Boom – LONG DLF

LONG DLF: The Zero-Debt Apex Predator Monetizing India's Multi-Year Real Estate Supercycle

DLF's Mumbai Re-Entry: A New Era for Premium Real Estate?

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

Embassy Office Parks REIT / Equity Bottom-Up

<ul>
<li>Embassy REIT is the apex vehicle for India's $110 billion GCC boom, securing a record 6.4 million square feet of leasing at exceptional re-leasing spreads in FY26.</li>
<li>A massive regulatory catalyst is imminent. SEBI’s 2026 equity reclassification unlocks unprecedented institutional liquidity, forcing index-driven passive buying into India's largest office REIT.</li>
<li>Trading at a steep discount to its Rs 491.62 NAV with an optimized balance sheet, Embassy offers high-conviction upside and a powerful ~6.5% DPU compounding yield.</li>
</ul>


Embassy REIT is the apex vehicle for India's $110 billion GCC boom, securing a record 6.4 million square feet of leasing at exceptional re-leasing spreads in FY26.
A massive regulatory catalyst is imminent. SEBI’s 2026 equity reclassification unlocks unprecedented institutional liquidity, forcing index-driven passive buying into India's largest office REIT.
Trading at a steep discount to its Rs 491.62 NAV with an optimized balance sheet, Embassy offers high-conviction upside and a powerful ~6.5% DPU compounding yield.


The $110-Billion GCC Gold Rush: Why Embassy REIT Is the Ultimate Asian Equity Alpha Play