Phoenix Property Investors
| Company type | Private |
|---|---|
| Industry | Real estate investment |
| Founded | 2002 |
| Founder | Samuel Chu, Benjamin Lee |
| Headquarters | Hong Kong , Hong Kong |
Area served | Asia-Pacific (including China, Japan, Korea, Australia, Southeast Asia) |
| Products | Real estate investment management |
Phoenix Property Investors (referred to as "Phoenix") operates as a real estate investment company headquartered in Hong Kong. In 2022, IREI identified it as the tenth-largest real estate asset manager across Asia based on assets under management (AUM).
Background
Established in 2002 by Samuel Chu and Benjamin Lee, Phoenix adopts a value-oriented investment philosophy. Its clientele mainly consists of institutional investors such as sovereign wealth funds, pension schemes, and insurance providers.
The company oversees property investments spanning 18 cities throughout Asia, with a concentration in China, Japan, Korea, and Australia, while its presence in Southeast Asia continues to expand. Phoenix’s main office is located in Hong Kong, complemented by regional branches in China, Japan, Korea, Singapore, Taiwan, and Australia.
In response to market challenges brought about by the COVID-19 pandemic, Phoenix restructured financing arrangements for assets situated in Beijing and Shanghai during 2020.
In May 2022, Phoenix initiated legal action against WeWork for violating a decade-long lease agreement at Tower 535 in Hong Kong, pursuing damages estimated at around HK$242 million (US$30.8 million).
By June 2023, Phoenix entered into a joint venture with Lendlease to develop a logistics facility valued at A$185 million in Australia.
As of January 2024, Phoenix excluded mainland China from its seventh opportunity fund strategy. This decision was influenced by investor concerns over political risk associated with Chinese holdings. Since 2010, assets based in China have consistently represented less than 15% of Phoenix’s total AUM, with recent investments increasingly targeting mature Asian markets including Australia, Japan, and South Korea.