Chelsfield has completed its takeover of Dymon Asia Real Estate.
Dymon’s management team, led by Nick Loup, has joined Chelsfield as part of the move.
Loup, who joined the board of Chelsfield last year, said the company would look to capitalise on “synergies between the gateway cities and our teams within the three regions”.
Dymon has typically focused on value-add residential, office and mixed-use projects in Hong Kong, Shanghai, Tokyo and Singapore.
The Chelsfield Asia arm will be led by Loup as chief executive, with former Grosvenor colleagues, Yu Yang and William Lo made CIO and COO, respectively.
London-based Chelsfield said the move fulfilled an ambition to have active businesses in Europe, North America and Asia.
Founder Elliott Bernerd said he had a high regard for Loup and the Dymon team.
“I am very happy they are now part of Chelsfield, and to have a strong operation in Asia will complement our existing operations in Europe and North America,” he said.
Tim Freshwater, chairman of Goldman Sachs Asia Bank, has been named as a senior non-executive.
