US-based AEW Capital adds Gillian Chee to APAC team

AEW has appointed Gillian Chee as a senior executive at its Asia Pacific team Pictured here: Gillian Chee at Asia PE-VC Summit 2018 organised by DealStreetAsia

US-based global real estate investment manager AEW Capital Management Tuesday announced that Gillian Chee, former managing director at SC Capital Partners, has joined the firm as a senior executive in its Asia Pacific team based in Singapore.

DEALSTREETASIA first reported this development last week, citing an industry source familiar with the development, while also adding that Chee has been tasked to lead AEW’s proposed $750-million core-plus Asia-focused fund.

In a statement Monday, AEW said Chee, who has over 28 years of real estate experience across markets in the Asia Pacific, will have portfolio management responsibilities and will be a member of AEW’s Asia Pacific Investment Committee.

Prior to joining AEW in May 2019, she was managing director with Singapore-based SC Capital Partners, where she was responsible for spearheading the firm’s inaugural core-plus open-ended vehicle (SCORE+), which was closed at $451.5 million in July 2017, and has made 12 pan-Asian acquisitions to date.

Before that, she was a Senior Vice President with Aviva Investors in Singapore and also worked as a fund manager of the Aviva Pan-Asian real estate open-ended property fund based in the city-state. She had also completed a stint as an investment and asset manager with ARA Asset Management in Hong Kong.

“Her demonstrated investment and portfolio management background as well as her extensive experience working with institutional investors and consultants will complement and strengthen our existing team and will be highly valuable to our investors,” David Schaefer, Managing Director and Head of AEW’s Asia Pacific region, said in a statement.

Boston-headquartered AEW has been strengthening its foothold in Asia – it has opened an office in Tokyo this January and also appointed former executives from Orion Partners to lead the office.

Last June, it held a final close for its third Asia-Pacific value-added fund, AEW Value Investors Asia III (VIA III), at $1.4 billion, exceeding its target of $750 million.

One of the world’s leading real estate investment advisors, AEW and its affiliates manage $74.8 billion of property and securities in North America, Europe, and Asia as of December 31, 2018.

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