Panelist

Ms. Emilia Teo

Managing Director TE Capital Partners

Emilia Teo is the Managing Partner and Co-Founder of TE Capital Partners, where she oversees the real estate private equity firm’s investment strategy and asset management activities across its key geographies including Singapore, Japan, and Australia and has served as Executive Director of Tong Eng Group, a Singapore based real estate developer group since 2012 In 2019, Emilia co-founded TE Capital Partners, a Singapore based real estate investment and asset management firm focused on investing capital alongside like-minded investment partners across Asia Pacific real estate markets. Sponsored by family members of Singapore-based real estate developer Tong Eng Group, TE Capital Partners offers and manages a comprehensive range of real estate investment products on behalf of institutions, public listed corporationsand family offices across the region. As of Q3 2024, TE Capital Partners and its subsidiaries manage more than c. US$3 billion in assets under management in commercial office and residential assets across Singapore, Japan, Australia, and the United States, via a range of investment vehicles, such as joint ventures, separate accounts, and closed-end funds. Prior to founding TE Capital Partners, Emilia spearheaded the family-owned developer Tong Eng Group’s expansion into overseas markets outside of Singapore and to date she has been involved in transactions worth over US $2 billion. Emilia has also held corporate roles at Citigroup and ABN Amro. She obtained her BSc from National University of Singapore and later, an MBA from Australian Graduate School of Management at UNSW Business School in 2011. TE Capital Partners pursues investment strategies in direct real estate investment in Asia Pacific, with a focus on gateway cities. TE Capital Partners has operational teams in Singapore and Australia, and is a major shareholder in Tokyo Trust Capital, a Japan based real estate asset management company. With localized asset management teams and operational and development expertise integrated into the platform, TE Capital Partners seeks to create value and generate superior returns through disciplined underwriting and active investment management. Two main strategies are executed via (1) TE Asia Opportunities Series, which focuses on value-add and opportunistic mandates in Singapore, Australia, and Japan as key markets, (2) TE Income Partners Series, which focuses on providing stable income and capital preservation for investors. The firm also implements global best practices across all geographies it operates in, and is committed to do business in an ethical manner which yields long-term, sustainable benefits for all our stakeholders. For more information, please visit www.tecapitalasia.com and LinkedIn.

Speaking at

Tue 27 May 2:00 PM — 5:30 PM (GMT+08:00) Beijing, Chongqing, Hong Kong, Urumqi

Capital Markets Forum

Mr. Calvin Chou, Invesco

Mr. Laurent Jacquemin, AXA IM Alts

Mr. Morgan Laughlin, PGIM Real Estate

Ellen Ng, Warburg Pincus, LLC

Mr. Nick Okumura, LaSalle Investment Management K.K.

Mr. John Pattar, KKR

Mr. Joel Rothstein, Greenberg Traurig

Mr. Jon Tanaka, Hines

Ms. Emilia Teo, TE Capital Partners

Mr. Graeme Torre, APG Asset Management Asia

Type Concurrent Session Open to All Attendees Separate Registration Required

The ULI Asia Pacific Capital Markets Forum is the marquee event for the ULI investment community. This forum will deliver critical insights into emerging investment opportunities across Asia Pacific's dynamic property markets. The Forum will investigate the key trends in Asia Pacific real estate investment. What are institutional investors looking for? Where can distressed situations be found? Which sectors will produce the best returns? Which markets offer the best opportunities? How can asset owners drive value creation in their properties?

The ULI Asia Pacific Capital Markets Forum offers three hours of in-depth analysis and strategic discussion which will inform your investment approach in 2025 and beyond.

14.00 – 14.05 - Welcome & introduction

14.05-14.25 Asia Pacific Real Estate Investment Market Update

Real estate capital markets began to recover in terms of transaction volumes in late 2024, but the regional and global economic and political outlook remains uncertain. This presentation will provide up-to-date insights on the macro picture for the region, what equity market movements indicate may happen in direct real estate and signs of recovery in China and Hong Kong.

14.25 – 15.05 Investor panel: where to allocate capital in Asia Pacific?

Institutional and family office investors targeting real estate across the Asia Pacific discuss their outlook on the investment environment. What does Asia Pacific offer to global investors? Is logistics still favoured in a deglobalizing world? Which sectors and markets do investors favour and which do they avoid? Which strategies will attract LP dollars?

Panellists:

Graeme Torre, Managing Director, Head of Real Estate Asia Pacific, APG Asset Management

Emilia Teo, Managing Director, TE Capital

15.05 – 15.45 Japan: getting away from the crowds

Japan is as popular with real estate investors as it is with tourists. Where can you find assets at the right price? Could corporate Japan be the place to secure assets and hit return targets, and counteract the rising cost of debt?

Moderator: Joel H. Rothstein, Shareholder, GreenbergTraurig

Panellist(s):

Laurent Jacquemin, CEO AXA IM Japan and Head of Asia Pacific, AXA IM Alts

Jon Tanaka, Head of Asia Pacific and Country Co-Head of Japan, Hines

Kunihiko Okumura, Asia Pacific Co-CIO and Head of Japan, LaSalle Investment Management

15.45-16.05 Networking break

16.05-16.40 A deep dive into data centres

Asia Pacific data centre transactions rose tenfold year-on-year in 2024 and demand continues to rise, driven by the needs of AI and digitalising economies. We examine the outlook for this red-hot sector and how to access it.

Panellist(s):

Morgan Laughlin, Managing Director, Global Head of Data Center Investments, PGIM Real Estate

16.45 -17.25 Panel: Unlocking value in Asia Pacific real estate

In the absence of widespread repricing, where can investors in Asia Pacific real estate find value? Leading investment managers discuss options across markets, sectors and investment avenues. The discussion will cover distressed opportunities, sweating assets, using and investing in debt, adding value with ESG and more.

Panellist(s):

John Pattar, Partner, Head of Real Estate Asia, KKR

Calvin Chou, Managing Director, Head of Asia Pacific, Invesco Real Estate

Ellen Ng, Managing Director and Co-Head of Asia Real Estate, Warburg Pincus

17.25-17.30 - Conclusion

Ms. Emilia Teo

Managing Director TE Capital Partners

Speaking at

Capital Markets Forum

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