Asia Pacific Investment Partners (APIP) has completed a merger with overseas investment agency Property Frontiers.
APIP are a 14 year old company based in Hong Kong that has grown to become the largest integrated real estate company in Mongolia, with interests in other emerging markets including Myanmar, Kazakhstan, Cuba and China.
Commenting on the news, Lee Cashell, CEO of APIP said: “We are extremely pleased to welcome Property Frontiers to the APIP family. With this merger, we see tremendous opportunity to build on the deep research expertise and relationships Property Frontiers has built across the emerging markets property space since their foundation in 2004.
“Bringing our first class development capabilities to new markets outside of Mongolia really sets up APIP for long term success. We are excited for the future as this transaction allows us to successfully execute opportunities via project marketing, investment and selective co-development in Myanmar, Cuba, Kazakhstan, China and any number of other emerging markets globally.”
The combined firms will continue to operate under the APIP umbrella brand, with Property Frontiers becoming a wholly-owned subsidiary and APIP’s flagship brand focussing on sales, research and selective co-developments in frontier markets outside of Mongolia.
Ray Withers, who will remain the CEO of Property Frontiers following the transaction, is enthusiastic for the prospects of the combined company.
He added: “With this transaction we are delighted to be able to move into the development side of the real estate industry as well. Partnering with APIP allows us to learn from an expert property developer who has a proven track record of success in frontier markets. We have worked together with the APIP team for many years and are delighted to continue the strong relationship as we grow together.”
The combined firms will operate from a network of offices worldwide including Hong Kong, Singapore, Ulaanbaatar, North America, London and Oxford.
Hannam and Partners acted as financial advisor to APIP on the transaction.