APIL has 8 subsidiaries – Joyful Max Limited (JML), Pearl Dragon Investments Limited (PDIL), Surplus On (HK) Limited (SOHK), Atlas Property Services Ltd (ATLAS), Best Town Investments Ltd (BTIL), Good Sail Investments Ltd (GSIL), Good Wind Investments Ltd (GWIL) and Antipodes Real Estate Ltd (ANTI)
Source: Colliers 2020 June estimates
The Manager about APS
Asian Property Services Limited ("APS") is the investment manager of APIL's properties portfolio. APS locates, purchases and manages the investment properties for APIL on behalf of APIL shareholders.
APS seeks potential investment opportunities, where the team can add further value through upgrading the building, repositioning the tenancy, and change of use.
APS looks for opportunities that will benefit from area gentrification, development of new infrastructure, comprehensive redevelopment nearby.
APS is wholly owned by Asian Property Services Holdings Limited ("APSHL"). APS currently has 3 directors – Mr. Peter Churchouse, Ms. Phaik Chin Lim and Mr. Geoffrey G. Hill.
APS and its directors hold shares in APIL, the property owning vehicle.
- APS has entered into a Management Agreement with APIL pursuant to which it provides advice and support services to APIL. APIL currently pays APS an annual Management Fee.
- In addition to the Management Fee, APS is eligible to receive a Performance Fee based on net realized profit (after incidental costs of purchase and sale) for invested properties. Performance fee is payable only on realized sale of properties.