Cuppage Terrace, a traditional dining hub on Orchard Road, is one of the key assets owned by the group … [+]
Raj Kumar and Kishin RK, the father-son partnership behind one of Singapore’s largest commercial landlords, are setting up a family office in Abu Dhabi to capitalize on growing real estate and asset management opportunities in the Middle East.
Kishin said: “The rapid growth in the UAE and the Middle East prompted us to establish an outpost in Abu Dhabi as RB Family Office to establish strategic partnerships in the region in the real estate and asset management sectors.” Forbes Asia Via SMS.
He said the RB family office was established to manage some of the group’s assets and allocate capital for future growth, but declined to disclose the amount of capital that would be allocated to the family office.
“We are deeply rooted in Singapore and are optimistic about the collaboration and opportunities between Singaporean companies and businesses in the Middle East,” Kissing said.
Kishin and his father Raj Kumar have a net worth of US$3.2 billion and are one of Singapore’s richest property tycoons. Kishin runs RB Capital, which together with his father’s Crown Holdings manages office towers, shopping malls and hotels in Singapore. Key assets include the InterContinental Singapore Robertson Quay and Cuppage Terrace, a traditional dining and entertainment hub on Orchard Road, Singapore’s main shopping district.
