JL Family Office launches boutique real estate firm The Land Managers

By Valerie Kor / EdgeProp Singapore | December 3, 2020 11:26 AM SGT
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SINGAPORE (EDGEPROP) - There is a new boutique real estate firm in town. Named The Land Managers Holdings, it is founded by Andy Lim, group CEO of JL Family Office (JLFO).
The Land Managers Holdings will have an initial capital commitment of $250 million to invest in real estate opportunities in gateway cities across asset classes. Its maiden acquisition in August involved a 5,400 sq ft shophouse at 65 Club Street for $15.7 million.
Completed in November, the shophouse will be the new headquarters for both The Land Managers and JLFO.
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Lim says that despite the global macroeconomic environment where low cost of capital and unprecedented level of government stimulus are propping up asset values, he believes there are still pockets of investment opportunities of between $20 million and $50 million.
Lim says The Land Managers will start by focusing its efforts on Europe and Greater China.
Andy Lim is also responsible for sourcing, structuring, negotiating and executing global investments for JLFO, which was founded by John Lim, founder, group CEO and executive director of ARA Asset Management.
He currently also serves on the board of Straits Real Estate (SRE), a joint venture between JLFO and The Straits Trading Company Limited, as a non-executive director. SRE was set up in 2013 with his involvement.
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