| From IHT: The Dutch property investor Redevco has set up shop in Asia, hiring the former regional head of ING Real Estate to start a push into China and India.The property arm of Cofra Holding, a privately held company that owns the retailer C&A, wants to raise its assets under management to €10 billion, or $14.8 billion, from €7.6 billion over the next couple of years. And much of the growth will be in Asia, according to the firm's Asia managing director, Robert Lie.
Lie, who gave up a 12-year career at ING Real Estate in May, said that Redevco wanted to work with Indian and Chinese developers to build new shopping malls, and would later look at other emerging markets like Vietnam."We want to make Asia our second market, because we all know growth in Europe will be limited," Lie said in a sparsely furnished harborside Hong Kong office he has been filling with new hires..... Full Article: Source
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