Orient Property Group, which has teamed up with mainland developer Evergrande Real Estate Group and Donald Trump to bid for a landmark Guangzhou office property development, is set to invest in three more projects in Asia.
The three projects are in Macau, Thailand and South Korea, and the investment is about US$400 million. It will be the first of the company's developments in the region.
Adam Fisher, the founder and senior managing director of OPG, did not give any more details but said investment opportunities in Asia and the mainland were enormous compared with those in the United States.
'Two years ago I could not find any opportunities in the US that made any economic sense,' said Mr Fisher.
As a result, he moved to Hong Kong and established Orient Property Group with financial support from US hedge fund DE Shaw with a view to investing in Asia, Macau, the mainland and Hong Kong.
DE Shaw is a global investment and technology development firm which had about US$35 billion in aggregate investment capital on January 1 this year.
