Kevin Zhou will oversee the group’s operations there, including its portfolio of developments and investment assets
[SINGAPORE] Property developer GuocoLand has appointed Kevin Zhou as the new managing director of its wholly owned subsidiary GuocoLand China, effective Tuesday (Mar 25).
He takes over from Peter Lee, who had been in the role since April 2022. The group announced his resignation last Friday, citing the 59-year-old’s wish to retire.
Zhou, 41, will oversee GuocoLand’s business in China, including its portfolio of development and investment assets in the country.
In a statement on Monday, the group said Zhou brings with him extensive experience in China’s real estate business, with close to 20 years in the industry.
In his previous position as Keppel’s executive vice-president of business development in the China real estate division, Zhou was involved in the strategic investment and divestment of assets, acquisitions and collaborations with major developers. He also oversaw the management of a portfolio of office and residential assets.
Prior to that, he held various roles in strategic sales and corporate development, among others, and worked on projects such as urban township renewal in Shanghai with the Hong Kong-listed property group Shui On Land.
GuocoLand group chief executive officer Cheng Hsing Yao highlighted that Zhou’s experience in the Chinese real estate market will be key as the group shapes its strategies for the current landscape.
Shares of GuocoLand closed down 0.7 per cent or S$0.01 at S$1.47 on Monday, before the announcement.
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