TCT wins real estate fund manager award
Singapore-listed Treasury China Trust (TCT) has been recognised as the best performing real estate fund manager in Asia by AsianInvestor, in its 2011 Institutional Funds Management Awards.
"It is a great honour and amazing achievement for Treasury China Trust to receive such recognition within 12 months of our listing in Singapore in June 2010," said Richard David, Chief Executive of TCT.
"More importantly, the acknowledgement has come from AsianInvestor, one of the leading publications for institutional investors in Asia, and as such, gives us great confidence that we are on the right track in respect of the delivery of quality and proactive management, whilst exceeding our own internal high standards for transparency and investor communications."
TCT has more than RMB12 billion of assets under management and has expanded its portfolio into Qingdao and Beijing, since its initial establishment in 2005. With more than 80 staff, TCT has perfected its delivery of high quality management services across all phases of the commercial real estate cycle.
"TCT won our award because of their successful participation in Asia's most exciting real estate market — China — within a year of accomplishing the milestone of a Singapore listing," said Simon Osborne, Managing Editor of AsianInvestor.
In addition, the company is uniquely positioned as a "total return vehicle", with approximately 300,000 sq m of income-generating office buildings and shopping malls and around 500,000 sq m of development projects. It has also created a formidable portfolio that delivers strong recurrent income through its 93 percent portfolio occupancy.
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