Singapore-based investment management firm Shorea Capital has appointed Redevco’s former head of global transaction management Adam Starr as its new UK managing director.
Starr, who has more than 30 years of experience in the real estate sector in the UK and Continental Europe, spent more than two decades in various leadership roles at Redevco including managing director of its Central and Eastern Europe operations, and managing director of its UK business.
In this newly created role, Starr will be based in London and will lead Shorea’s UK business, overseeing key functions including investment and asset management while acquiring and deepening relationships with key stakeholders, ensuring alignment with the company’s growth objectives.
Ong Eng Yaw, managing director and co-founder at Shorea Capital, said: “The UK real estate market remains an attractive destination for Asian capital seeking to diversify, especially since we may be at a turning point in the interest rate cycle. The emphasis on corporate responsibility for ESG issues, and new climate-related disclosure requirements and regulations in the UK present interesting brown-to-green commercial real estate opportunities, like the 188 City Road redevelopment project we are currently working on.
“Adam brings a wealth of real estate knowledge and a proven track record of success. We believe his experience and deep relationships in the UK would strengthen Shorea Capital’s position as we expand our presence and portfolio in this market.”
Starr added: “I look forward to working collaboratively to expand Shorea Capital’s presence and real estate portfolio across the UK. This involves not only creating holistic real estate solutions but also building a team of like-minded individuals who are eager to grow with the company and our clients and stakeholders. By building on the company’s strong foundation and exploring new opportunities in the dynamic real estate market, we aim to deliver greater value to our clients and drive long-term growth.”
