Casino tycoon Lawrence Ho's family office invests in Hong Kong real estate broker IFCX
Black Spade Capital, the family office of Macau casino billionaire
Lawrence Ho Yau-lung , has invested in IFCX, a Hong Kong-based real estate brokerage group that aims to pool at least US$5 billion of capital from Asian clients for investments in emerging markets.
IFCX operates Asian Bankers Club, a direct investor sales company, Knightsbridge Partners, an agent for developers, and Easy Pro, a letting and property-management agency that also provides global residency solutions.
'This partnership is great for us,' Dennis Tam, Black Spade president and CEO, said on Tuesday. 'Investment in real estate in emerging markets makes sense', he added, noting the venture's focus on the Middle East, Vietnam and
Thailand
Ho is the chairman of Melco Resorts & Entertainment, one of the six casino concessionaires in Macau, as well as the son of the late gaming mogul Stanley Ho Hung-sun. He has an estimated net worth of US$1.2 billion, according to Forbes. Black Spade earlier invested in Vietnamese electric vehicle maker
VinFast Auto
Lawrence Ho Yau-lung has a net worth of US$1.2 billion, according to Forbes. Photo: AFP
The partnership would allow IFCX to tap into the family office ecosystem, according to Kingston Lai, its founder and CEO. There would also be plans to improve the utilisation of artificial intelligence (AI) to build intelligent platforms for digital transactions, predictive market analytics and investor engagement tools, he added.
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