Redwood Group, the Asia-focused logistics developer and investment manager led by ex-ProLogis executives, has hired industry veteran Michael de Jong-Douglas as a managing director.
In a note circulated by de Jong-Douglas to peers, obtained by PERE, he said his new role would see him sourcing acquisition and development opportunities as well as working with the firm’s customers. He will also head up its research team.
de Jong-Douglas will remain in Singapore where he worked previously as a director for real estate at Oxley Capital Group, a private investment house focusing on real estate and private equity investments.
He also previously worked for Mapletree, specifically at Mapletree Logistics Trust Management, the logistics unit of the Singapore firm. But his longest tenure was at ProLogis where his time at the firm overlapped with Redwood’s founders Stuart Gibson and Charles de Portes.
At ProLogis, de Jong-Douglas was mostly focused on central and eastern European, although he did have stints in China and India. He left ProLogis at the end of 2008, two years after Gibson and de Portes started Redwood.
Redwood operates from offices in Tokyo, Osaka, Shanghai and Singapore. In December, it held a second closing for a Japanese investment fund at $237 million. In 2012, it raised €95 million for a separate, China-focused fund.