Raffles Family Office to launch real estate offering

Hong Kong-headquartered Raffles Family Office has appointed Joe Kwan as its latest managing partner, with a remit to create the firm’s new Raffles Real Estate team.

The firm is seeking to meet growing demand from Asia’s ultra high net worth families to optimize their real estate portfolios and acquisitions.

“While real estate has long been part of the comprehensive suite of assets that Raffles Family Office manages, the addition of [Kwan] will allow us to offer more innovative approaches to help our clients make the most of their holdings in the category, which continues to account for significant shares of their assets overall,” said Raffles Family Office group chief executive officer and co-founder, Kwan Chi -man.

The real estate office will arm the third offering under Raffles Family Office’s Advanced Wealth Solutions.

The other two are private equity and structured investment solutions.

Prior to joining the firm, Kwan co-founded and led Singapore real estate investment advisory firm Sakal Real Estate Partners.

Since its establishment in March 2018, Sakal Real Estate Partners has originated and advised on institutional real estate transactions totaling more than S$1bn ($716.86m).

Kwan, who will be based in Singapore in his new role, has also held various positions at global private equity real estate firm Chelsfield Asia, at UBS Global Asset Management and at Aviva Investors.

“I look forward to working closely with the firm’s co-founders and relationship managers across Asia on devising a new suite of offerings capable of further enhancing the already promising returns the company has delivered for families across the region and beyond,” said Kwan.

Raffles Family Office is a multi-family office that offers wealth management services for ultra high net worth individuals.

It also has branch offices in multiple Asian cities, including Singapore, Shanghai, Beijing and Taipei.