Asian Spectator

Affluent Partners Officially Signs the Collaboration Agreement with Equitativa

  • Written by ACN Newswire
Affluent Partners Officially Signs the Collaboration Agreement with Equitativa
HONG KONG, Jan 17, 2019 - (ACN Newswire) - Affluent Partners Holdings Limited and its subsidiaries (the "Group"; stock code: 1466), which are engaged in strategic investment and provision of financial services, has officially signed the cooperation agreement (the "Collaboration Agreement") with Equitativa Real Estate Limited ("Equitativa") with the partners committing to setting up a new real estate investment trust (REIT), namely the "Belt and Road REIT", to invest in property assets along the new Eurasia trade corridor of China's Belt & Road Initiative. Top executives from both groups namely Mr Stephen Yuen, Chairman of Affluent Partners Holdings Limited and Mr Sylvain Vieujot, Group Chairman of Equitativa attended the official signing ceremony at Equitativa's offices in Index Tower in Dubai on 15 January 2019, to witness the important moment of the launch of the initiative.

Mr Stephen Yuen, Chairman of Affluent Partners Holdings Limited, said, "We are excited and honoured to have Equitativa, a leading regional asset management company, as our partner. We have great confidence in the prospects of this partnership as it will have powerful leverage from Equitativa, which boasts remarkable experience and a fantastic track record in setting up and managing REITs, including the Emirates REIT. The collaboration will entrench the good relationship between businesses in the United Arab Emirates and Asia and bring synergistic benefits to both partners."

Mr Sylvain Vieujot, Group Chairman of Equitativa, said, "The collaboration with Affluent Partners and the establishment of the 'Belt and Road REIT' are an exciting experience for us and it marks a new chapter for Equitativa in Asia and emerging markets. We are confident that the Collaboration Agreement will benefit the increment of the fund raising capabilities in Asia and provides more opportunities to identify assets that can maximise the value for our shareholders."

The Collaboration Agreement targets to create favourable investment opportunities for investors in emerging Eurasian markets by setting up one or more REITs. Affluent Partners will act as an advisor and work closely with Equitativa in establishing the new REIT. Going forward, the Group or its affiliates will be appointed as the manager and be responsible for the establishment and management of the REITs and facilitate the implementation of the REITs, referring clients for investment and identifying assets to seed the REITs.

About Affluent Partners Holdings Limited (stock code: 1466) Affluent Partners Holdings Limited and its subsidiaries is one of the world's largest merchants, purchasers and processors of pearls. The Company was listed on the Main Board of the Stock Exchange of Hong Kong Limited in October 2014. Starting from FY2017, the Group has commenced to engage in the operation of strategic investment and financial services segment, and has invested in the realty market in the United Kingdom through the subscription of an investment fund and loan notes. For more details about Affluent Partners, please visit its official website: www.affluent-partners.com/[1]

About Equitativa Real Estate LimitedEquitativa is part of The Equitativa Group which is the leading regional asset manager focuses on creating and managing real estate investment trusts and is based in the United Arab Emirates ("UAE"). Having established the UAE's first Shari'a compliant REIT, Emirates REIT (CEIC) Limited ("Emirates REIT") incorporated in the Dubai International Financial Centre, Equitativa is today considered the largest REIT Manager in the Gulf Cooperation Council countries and the biggest REIT Manager for Shari'a Compliant REITs in the world. The Equitativa Group has about US$2 billion of assets under management. Equitativa is an independent REIT manager. It manages Emirates REIT which is listed on Nasdaq Dubai and The Residential REIT, the latter incorporated in Abu Dhabi Global Markets. Equitativa is further diversifying its REITs by launching a hospitality REIT, a logistics REIT, and several other REITs in emerging markets.

Media Enquiries: Strategic Financial Relations LimitedHeidi So +852 2864 4826 [email protected]Adrianna Lau +852 2114 4987 [email protected]Suzanne Leung +852 2864 4873 [email protected]Website: www.sprg.com.hk[2][3][4][5]

Topic: Press release summarySectors: Daily Finance, Daily News[6][7] http://www.acnnewswire.com From the Asia Corporate News Network

Copyright © 2019 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

References

  1. ^ www.affluent-partners.com/ (www.affluent-partners.com)
  2. ^ [email protected] (www.acnnewswire.com)
  3. ^ [email protected] (www.acnnewswire.com)
  4. ^ [email protected] (www.acnnewswire.com)
  5. ^ www.sprg.com.hk (www.sprg.com.hk)
  6. ^ Daily Finance (www.acnnewswire.com)
  7. ^ Daily News (www.acnnewswire.com)

Authors: ACN Newswire

Read more http://www.acnnewswire.com/press-release/english/49139/

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