Graeme Torre, the former head of APG's Asia-Pacific real estate team, has taken the helm of Hongkong Land's Hong Kong portfolio as its new chief executive. Torre, who began his role in February 2026 according to his LinkedIn profile, brings eight years of experience from APG where he expanded the Dutch investor's regional real estate business into alternative sectors like data centers and life sciences. His appointment comes as Hongkong Land prepares to launch its first private real estate fund, the Singapore Central Private Real Estate Fund (SCPREF), backed by institutional investors including APG and Qatar Investment Authority. The fund represents a strategic shift toward fee-based asset management for the firm, which aims to grow assets under management from $40 billion to $100 billion by 2035.

Torre's expertise is expected to bolster Hongkong Land's ambitions in private funds management, as highlighted in PERE's 'Next Contenders 2025' feature. The company plans to replicate the SCPREF model for its Hong Kong portfolio, which comprises 12 interconnected prime commercial buildings totaling over four million square feet of grade A office and luxury retail space. This move signals a deliberate strategy to recycle capital from existing assets while attracting third-party capital, creating new management fee revenue streams.

The executive change positions Torre to drive growth in Hongkong Land's core Hong Kong operations while navigating the firm's transition into a diversified asset management platform. His background in developing alternative real estate strategies aligns with the company's broader goal of establishing itself as a significant player in the private funds sector.