Boom or Bust? – Office Investment in the Age of COVID-19
Discussion Leaders Profiles:
Managing Partner & Head of Japan
Dan Klebes is a Partner of GreenOak, based in Tokyo. Dan is Representative Director of GreenOak Investment Management K.K. Dan has 30 years of experience in the Japanese real estate market, as an investor and investment banker. Prior to joining GreenOak, Dan founded and led GTO Capital Management, an investment firm where he advised and co- invested with clients in the United States and Japan. Previously, Dan was Chief Investment
Officer for Japan for Aetos Capital Asia, where he led a Tokyo-based real estate team of over 100 professionals and grew assets under management by over $6 billion.
Dan started his career in 1987 at Goldman Sachs and spent 10 years as a real estate investment banker in Tokyo and New York. In 1997, Dan founded Goldman Sachs’ Japanese Real Estate Principal Investment Area, where he led the acquisition of over $5 billion of Japanese real estate-related investments and helped build Goldman’s property investment and asset management operations from startup to over 200 professionals.
Dan holds a bachelor’s degree from Georgetown University’s School of Foreign Service and a master’s degree in East Asian Studies from Stanford University. He has lived in Japan for more than 15 years and is fluent in Japanese.
Managing Director, Head of Asia Real Estate
Brookfield Asset Management
Stuart Mercier is a Managing Director and Country Head for China, overseeing all of Brookfield’s operations and institutional relationships. Mr. Mercier also has direct responsibility for Brookfield’s Real Estate activities across Asia including business development, investment and portfolio management.
Mr. Mercier joined Brookfield in Hong Kong in 2012 before relocating to Shanghai to establish Brookfield’s mainland Chinese operations. Prior to joining Brookfield, Mr. Mercier held various investment roles within a boutique Asian real estate investment and advisory firm. He also held various positions at Oxford Properties, the global real estate platform of the OMERS pension fund.
Mr. Mercier received a BA from Bishop’s University and an MBA in Finance from the University of Hong Kong and London Business School, where he was the recipient of the Haitong Securities “New Generation of Leaders” scholarship. Mr. Mercier is an advisory board member of the Canadian Chamber of Commerce (Shanghai), the Canada-China Business Council (Shanghai), and Urban Land Institute is a member of the Asian Advisory Council of Bishop’s University.
Oxford Investa Property Partners
Nicole Quagliata is the Fund Manager of Oxford Investa Property Partners, a $2.5bn commercial office fund investing in prime assets in major Australian cities. Nicole is responsible for driving the strategic direction of portfolio as well as overseeing investment, asset management, development and leasing activity. Nicole has over 15 years of Australian and international property experience, with a strong focus on managing complex investments through business cycles.
Nicole has been with Investa for 7 years, and in her pervious roles was responsible for driving and analysing asset strategies of the IOF portfolio.
This included the successful completion of Barrack Place, major projects including 388 George Street and 347 Kent street refurbishments and acquisitions including 567 Collins Street, 99 Walker Street, 6 O’Connell Street and Piccadilly Complex.
Nicole has a Bachelor of Commerce (Liberal Studies, Economics and Finance) from Sydney University, and is a CFA Charter Holder.
Managing Director, Head of Asia Pacific
PGIM Real Estate
Benett Theseira is a managing director at PGIM Real Estate and head of Asia Pacific. Based in Singapore, Benett is responsible for the development and implementation of the strategy and oversight of PGIM Real Estate’s businesses in Asia Pacific. He is also the senior portfolio manager of PGIM Real Estate’s Asia Retail Fund. Benett is a member of the Global Management Council, the Global Investment Committee, the Asia Pacific Investment Committee and the Valuation Committee.
Previously, Benett was head of Southeast Asia, with responsibility for PGIM Real Estate’s businesses in Southeast Asia. He also chaired the Asia Pacific Investment Committee.
Before joining PGIM Real Estate, Benett was the President of MEAG Pacific Star Asia and Pacific Star Capital where he was responsible for the Investment and Fund Management business in Asia for over 6 years. During this time, he successfully launched Pacific Star’s EUR 1.2 billion Asia RE Income Fund and led more than USD 2.0 billion of real estate transactions across Asia.
Prior to this, he spent 9 years with the CapitaLand group and held various roles including Managing Director, Europe and Chief Corporate and Investment Officer for the Ascott Group Ltd (CapitaLand’s then publicly listed serviced apartment arm).
Benett was responsible for driving Ascott’s rapid expansion and led over USD 2 billion in transactions across Asia-Pacific and Europe. Benett is a Colombo Plan Scholar and started his career with the Singapore Government in the Ministry of Law where he held the position of Assistant Commissioner of Lands.