Principal Real Estate Investors have announced the hiring of Shern-Ling Koh and Julian Mittag as portfolio managers within the Global Real Estate Property Securities team. Both Koh and Mittag will be based in Singapore where they will be responsible for identifying investment opportunities within the Asia Pacific region.

“We are pleased to welcome Shern and Julian to the team, each with extensive experience in Asia real estate,” said Kelly Rush, chief investment officer of global real estate securities at Principal Real Estate Investors.

“Given the growth and wide range of distinct markets in Asia, adding portfolio management depth allows our team to further evolve alongside the region.”

Grant Forster, CEO of Principal Global Investors (Australia), added: “The depth of expertise within the team will ensure we continue to meet the growing demands of our local investor client base invested in or seeking to allocate to global real estate property securities. We have seen significant growth in in this sector over the last couple of years as investors look to complement their direct Australian property holdings with both global allocations and the enhanced liquidity associated with equity markets.”

Most recently, Koh served as the CEO and CIO at OSK International Asset Management, where he managed all investment mandates for their public and private equity business in Singapore. Previous to his work at OSK International, Koh was an investment analyst at Fidelity International Ltd., responsible for identifying publicly listed real estate securities investment opportunities within Asia for Fidelity equity funds, including its global real estate fund. Koh has a bachelor’s degree in economics from Cambridge University, a master’s degree in economics from Yale and a master’s of business administration from Harvard.

Mittag joins Principal Real Estate Investors from SEB Asset Management, where he was an Asia real estate securities portfolio manager focusing on investing in real estate stocks. Mittag graduated from the University of Applied Sciences Wiesbaden with a master’s degree in international industrial engineering. He is a Certified Real Estate Investment Analyst (CREA) from the Society of Investment Professionals in Germany in cooperation with the International Real Estate Business School Regensburg (IREBS).

Koh and Mittag will be part of the 13-member team responsible for managing global real estate strategies managed by Principal Real Estate Investors.

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