This article is from the Australian Property Journal archive
RAY WHITE Commercial has launched a dedicated advisory division to service Asian investors.
The Sydney-based business division, known as ‘Ray White AIS’ will be led by Victor Sheu, a prominent commercial agent with a formidable track record of connecting Asian capital with Australian assets, will head up the division.
“The increasing flexibility of a globalised world means we often see our clients moving between Australia and Asia seamlessly,” Sheu said.
Joining the team is Andrew Vines as director of sales and leasing, and Samuel Gong, who will work across asset management, sales, and leasing.
Vee Li also joined the AIS team as a business development executive with strong marketing and communications experience.
“It’s a well-known fact that Australia (and Sydney in particular) is a locale of choice for Asian investors,” Ray White AIS managing director Peter Vines said.
“What is perhaps less recognised in the commercial market is Asian investors are increasingly choosing to live and raise their families here in Australia, while also continuing to build their generational wealth on the stability of commercial property investment.
“As we continued to attract Mandarin-speaking clients to our property management business, we noticed a real deficit of competent Mandarin-speaking commercial property managers,” he added.
“We saw that many of our Chinese clients had previously had their assets managed by residential agents that could speak the language but simply didn’t understand the complexities of commercial property.
“With the ever-changing legislative environment for commercial property and the current COVID-19 situation, it’s hugely important asset managers are across these changes, and that important pieces of information are not lost in translation,” he concluded.
