M&G Appoints New Asia Property Fund Manager
The real estate arm of London-headquartered M&G has appointed a new manager for its Asia fund.
M&G Real Estate has appointed Jason Leong as fund manager of the «M&G Asia Property Fund», according to a statement. He succeeds Richard van den Berg who has decided to retire at the end of June 2025 following a 36-year career in real estate investment management, including almost a decade with M&G.
Leong has over 25 years of real estate investment and management experience across Asia Pacific. He joined M&G two years ago as deputy fund manager, working alongside van den Berg to manage the growth and composition of the fund’s investment portfolio.
«Jason’s extensive experience and his collaboration with Richard have driven the performance of the M&G Asia Property Fund over the last two years,» commented Jing Dong Lai, CEO and chief investment officer of M&G Real Estate Asia. «These foundations position him exceptionally well to lead the strategy into its next phase, driving further growth and exploring new opportunities in the evolving real estate market.»
Flagship Strategy
According to the British firm, M&G Real Estate Asia Property Fund is a flagship strategy with around $7 billion in assets under management as of 31 March 2025. The fund focuses on prime assets across developed markets in APAC with an objective to create a diversified portfolio of high quality and sustainable properties in key sectors such as logistics and residential, while strategically acquiring premium grade offices in gateway cities.
As of 31 December 2024, M&G Real Estate manages more than $42.3 billion of assets across a range of strategies and solutions. It is a part of M&G Investments’ $92.8 billion private markets division.
