High-end Development in Niseko, Japan Attracts London Listed Investor

HONG KONG, Dec. 6, 2018 / — Adamas Finance Asia, the London listed pan-Asian investment company is now an investor in Infinity Capital Group, a Hong Kong-based property developer.

 

Adamas Finance Asia Limited (“ADAM”), the London quoted pan-Asian investment vehicle, announced today an investment in Infinity Capital Group Limited, a Hong Kong-based real estate developer of luxury residential properties in Asia’s premier ski destination – Niseko, Japan.

Infinity Capital Group’s USD188MM portfolio of development projects in the Hirafu area of Niseko are the launch of the Tellus luxury brand targeting owners who enjoy the year-round activities associated with the region.  The Development include luxury condominiums with features such as individual onsens and food & beverage offerings helmed by a Michelin starred chef.  Demand for the developer’s units has been strong with a high level of pre-sales already achieved in advance of the peak marketing period which coincides with the start of the ski season in mid-December.

The investment further diversifies ADAM’s portfolio of pan-Asian SME assets and provides the Company with exposure to the rapidly growing winter tourism market in Asia.  Niseko was recently named as one of the top ten ski areas in the world by Snow Magazine and its real estate market has been growing by double digits, annually.

ADAM’s Chairman, John Croft, commented on the new investment:

“We are delighted to be making this new investment and growing our high quality and diverse portfolio with a further attractive income accruing asset.  Japanese tourism-focused real estate development is a rapidly growing sector. We are pleased that our exposure will be in Niseko, Japan’s premier ski resort. We look forward to continuing to diversify our exposure to a variety of sectors and geographies across Asia, primarily through the deployment of attractive income producing investments.”

Partner of Harmony Capital, Suresh Withana, noted:

“As the investment manager of ADAM, we are tasked with evaluating a range of opportunities across Asia which provide attractive risk-adjusted returns through exposure to growing industries.  ICG and its Niseko development, represent an opportunity to access the burgeoning leisure & tourism sector which is driven primarily by the enhanced consumption patterns of Asia’s aspirational population.”

Jonathan Cheng, CEO of Infinity Capital Group, stated:

“ICG is very pleased to have ADAM on board through this investment. We are confident that there will be an abundance of synergies between ICG, ADAM and Harmony Capital and look forward to growing this relationship further.”

 

About Adamas Finance Asia

ADAM is a London quoted investment company focusing on delivering long-term income and capital growth to shareholders through a diverse portfolio of pan-Asian investments.  It aims to provide uncorrelated returns through a combination of capital growth and dividend income from a broad spectrum of national geographies and asset classes from the Asian Small and Medium Enterprise (SME) sector.

The company’s investment manager, Harmony Capital, which has a dedicated team with real Asian expertise, is focused on the strategy of creating income and capital growth. Harmony is sourcing predominately private opportunities and has created a strong pipeline of income generating assets from potential investments in industries such as healthcare, fintech, hospitality, IT and property across Asia.  

About Infinity Capital Group Limited

ICG is a Hong Kong based property developer with multiple active property development projects in Niseko, Japan. All high-end residential projects developed by ICG are branded as “TELLUS” and “TELLUS” is an exclusive trademark which forms part of ICG’s portfolio. ICG is also looking at further property development projects in other parts of pan-Asia, including Australia, Thailand and Indonesia.  ICG It is wholly owned by LC Capital Limited, a Hong Kong private equity firm.