InfraRed NF celebrates a decade of Asia-focused real estate investments

Leading investor in the Asian real estate market with proven track record of delivering superior returns through a combination of mezzanine financing and value-add investing.

US$1.4bn invested in mainland China across 18 transactions; 12 realised and 14 incorporating co-investment.

InfraRed NF has realised a Gross IRR of 18% and gross cash multiple of 1.7x on value-add investments in Tier 1 cities and from its mezzanine investments.

InfraRed NF, the leading Asian real estate investment manager, is pleased to celebrate the 10th anniversary of its business in Asia, with investments totalling US$1.4bn in mainland China since opening in Hong Kong in 2007.

InfraRed Capital Partners and Nan Fung Group both play significant dual sponsorship roles, bringing together best-in-class fiduciary and technical skills with a powerful regional network and extensive Asia expertise. Together, this strong and complementary partnership has built a solid foundation for investment success.

The InfraRed NF team has developed expertise in identifying under-valued property situations and asset repositioning opportunities. The team’s hands-on asset management skills and operational know-how distinguish it as one of the leading Asian real estate investment managers with a reputation for delivering superior returns through a combination of mezzanine financing and value-add investing.

Over the last 10 years, InfraRed NF has established itself as a leading player in the Chinese real estate market, thematically investing more than US$1.4bn in mainland China across 18 completed transactions, 12 of which have already been fully realised. Fourteen of these transactions have incorporated co-investment amounting to US$509m.

InfraRed NF’s track record in China includes high-profile value-add investments in Beijing including Number 1 Financial Street (realised in 2010), ECMall (realised in 2015) and Metropolis Tower (realised in 2010). Recently, InfraRed NF concluded the early exit of an investment in Shanghai known as Project Graceland, which involved the repositioning of a poorly performing 3-star domestically-branded hotel near Xintiandi, into a mixed-use office/ serviced apartment redevelopment project.

In addition to direct, value-add investments across a diverse range of sectors, InfraRed NF has built a leading position as a provider of mezzanine capital in China, completing 8 mezzanine transactions representing US$440m of equity. InfraRed NF is now seeking to expand its leadership position in China mezzanine into selected high-growth markets in South East Asia.
Further, InfraRed NF has today announced a US$28m investment in China Mini Storage Limited (“CMS”), an intelligent technology-led self-storage operator, which is another example of its continued commitment to identify and support high-value real estate investments.

Stuart Jackson, the CEO of InfraRed NF Investment Advisers commented,

“Over the last decade we have built a high quality institutional platform with extensive expertise in the region and a proven track record of delivering superior returns. Our value-add activities combined with our mezzanine financing proposition provides a compelling opportunity for investors to exploit the growth opportunity in Asia.”

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