FRASERS Property has established a new group corporate function, Frasers Property Capital, to team up with capital partners on new projects, in order to pursue investment opportunities while sharing risks with like-minded joint venture partners.

With over 25 years of experience in real estate investment management, Wong Ping has been tapped to lead Frasers Property Capital as chief investment officer. Prior to joining Frasers in July, she held senior leadership positions with CBRE Investment Management, and Allianz Real Estate Asia Pacific. Wong reports to Frasers’ group chief corporate officer, Chia Khong Shoong.

In an interview with The Business Times, Chia said: “Real estate is a capital intensive industry. Increasingly, projects seem to get larger and larger in the different markets that we operate in. It does make sense to share some of the risk with capital partners who have similar long-term aspirations and strategic objectives as us.”