SYDNEY–(BUSINESS WIRE)–World funding agency KKR at the moment introduced the appointment of Tom Lee as Managing Director and Head of Australia and New Zealand Actual Property, efficient Could 3, 2021. Within the position Mr. Lee shall be answerable for KKR’s actual property platform throughout Australia and New Zealand, and can play a vital management position in increasing KKR’s actual property methods throughout the Asia area. He can even be a part of the KKR Asia Actual Property Funding Committee.
“Tom’s confirmed actual property monitor report and world business expertise make him the proper match to guide our Australia and New Zealand actual property crew. Tom has a singular skillset as an investor, operator and platform builder,” stated John Pattar, Head of Asia Pacific Actual Property at KKR. “The current shut of our Asia Actual Property Fund considerably expands KKR’s place as a number one different capital supplier throughout asset courses, and we moreover sit up for working with Tom to additionally set up a pan-Asian core and core-plus actual property technique to fulfill the demand for high-quality actual property all through the area.”
“We’re thrilled to have an funding skilled of Tom’s caliber be a part of our Australia crew,” stated Scott Bookmyer, Head of KKR Australia. “Australia and New Zealand’s actual property markets are being reshaped and modernized. Tom’s addition to our senior crew opens up new and thrilling methods for KKR to take part constructively on this evolution.”
Mr. Lee was most not too long ago CEO of LOGOS, a logistics actual property funding supervisor with operations throughout Asia Pacific. Previous to that, Mr. Lee held senior roles at BlackRock, MGPA and Lendlease in Asia, Europe, US and Australia.
“KKR is likely one of the most revered actual property buyers on the earth and the versatile method as an answer supplier enhances our position as a companion of alternative inside actual property and the broader company sector,” stated Mr. Lee. “I sit up for working alongside John, Scott and the agency’s proficient funding professionals as we stock out KKR’s technique in Australia, New Zealand and throughout Asia Pacific.”
KKR’s Asia Pacific actual property platform invests in belongings and platforms, using fairness and debt in each rising and developed markets. KKR has deployed greater than US$1.5 billion (A$2 billion) of fairness in Asia Pacific throughout roughly 20 actual property transactions since 2011, together with investments in combined use, industrial, industrial, resort, workplace and retail properties.
Australia is a key a part of each KKR’s actual property and Asia Pacific funding methods. KKR has been investing within the Australian market since 2006, and since then, has invested or dedicated greater than US$7 billion (A$9 billion) of fairness into high-caliber corporations throughout asset courses together with actual property, personal fairness and credit score. KKR has invested in roughly 10 actual property belongings in Australia and New Zealand since 2014. Within the markets, the Agency seems for alternatives to reposition and revitalize industrial belongings, along with investing in mixed-use and lodging properties in internal metropolitan places.
Mr. Lee’s appointment is the most recent addition to KKR’s Australia crew throughout enterprise methods. Latest senior appointments embrace Ben Corridor as Managing Director and Head of Credit score, Nicholas Hyde as Managing Director of the Consumer & Companion Group, Michael Robson as Managing Director of KKR Capstone, and Andrew Jennings as Director of KKR’s Infrastructure enterprise available in the market.
KKR is a number one world funding agency that gives different asset administration and capital markets and insurance coverage options. KKR goals to generate engaging funding returns by following a affected person and disciplined funding method, using world-class individuals, and supporting development in its portfolio corporations and communities. KKR sponsors funding funds that spend money on personal fairness, credit score and actual belongings and has strategic companions that handle hedge funds. KKR’s insurance coverage subsidiaries provide retirement, life and reinsurance merchandise beneath the administration of The World Atlantic Monetary Group. References to KKR’s investments could embrace the actions of its sponsored funds and insurance coverage subsidiaries. For added details about KKR & Co. Inc. (NYSE: KKR), please go to KKR’s web site at www.kkr.com and on Twitter @KKR_Co.