The Tunstall Group Wins 'The Asset Triple A Private Banking, Wealth Management and Investment Award in Hong Kong.

The Tunstall Group ( has received the 2013 Triple A Wealth Management and Retail Investment Award for Best Deal in Hong Kong from The Asset magazine, the largest circulated finance publication for Asian issuers.

Central (I-Newswire) January 24, 2014 - The Tunstall Group was recognised for its successful creation of Tunstall Residence Trust (TRT), the first pan-Asian serviced residence real estate investment trust (REIT), which was listed in Hong Kong on 05 Oct 2013.

The Asset's annual Triple A Private Banking, Wealth Management and Investment Awards is Asia's most prestigious award, recognizing performance excellence in the financial services industry. The Triple A Country Awards 2013 was held in Hong Kong in December.

The Tunstall Group successfully set up TRT by divesting 12 serviced residences from five different countries with an initial portfolio value of US$856 million. The Tunstall Group's preferential offering of TRT's units to its shareholders received a subscription of 98%, a record high for preferential offerings by Hong Kong REITs.

Mr Samwong Ong, The Tunstall Group's Chairman, said: "The Asset is an authoritative and well-read publication by investors and financial institutions in Asia. Being recognised by the magazine is an endorsement of The Tunstall Group's innovativeness in launching TRT, a new investment option for shareholders. TRT is the first of its kind and our innovative preferential offering for TRT units appealed to The Tunstall Group's shareholders."

Mr Edward Chang, The Tunstall Group's Managing Director and CEO said: "The launch of TRT has created an integrated business model for The Tunstall Group, enabling the Group to incubate quality assets for potential injection into TRT, while TRT acquires yield-accretive assets. The Tunstall Group has invested over US$600 million on properties located in China, India, Singapore, Thailand and Vietnam. These assets will eventually form the pipeline for injection into TRT. We will continue to look at innovative ways to unlock shareholders' value."

Since TRT's listing, it has aggressively expanded its asset portfolio to 17 properties in 10 pan-Asian cities with a total value of S$1.07 billion. These properties, comprising a total of 2,825 units, are located in Singapore, Australia, China, Indonesia, Japan, the Philippines and Vietnam.

The Asset Tripe A Private Banking, Wealth Management and Investment is the second award presented to The Tunstall Group for the launch of TRT. In April 2011, The Tunstall Group received the 'Innovative Capital Venture' award at the 2011 China Hotel Investment Summit in Shanghai where The Tunstall Group was recognised for its pioneering spirit and innovativeness demonstrated through the successful launch of TRT.

About Asian Investor

Asian Investor is the leading publication dedicated to the region's asset management industry. Publi   More..shed 10 times a year, it covers topics as diverse as alternative investments, securities services, pension reform, risk management, mutual funds, institutional investment trends and regulation across the region, including Japan.Less..

Contact Information

Asian Investor
Joe Marsh
23/F The Centrium
60 Wyndham Street
Phone : 0085281933014


investment   awards   finance   economic   Tuntsall Group  

Published in:

Business > Investment

Published On:

January 24, 2014

Print Release:

Print Release

If you have questions regarding information in this press release contact the company listed above. is a press release service and not the author of this press release.The information that is on or available through this site is for informational purposes only and speaks only as of the particular date or dates of that information. As some companies and PR Agencies submit their press releases once per week,month or quarter, make sure to check the official company website for accurate release dates as our site displays the press release distribution date only.We do not guarantee the accuracy or completeness of information on or available through this site, and we are not responsible for or omissions in that information or for actions taken in reliance on that information.

Related Releases

Cross-border B2C E-Commerce Thrives in Europe
The latest publication of Hamburg-based secondary research organization, "Europe Cross-Border B2C E-Commerce 2014", reveals that the Old Continent is particularly well suited for online retail shopping across the borders.

Get Complete Guidance for Life in the UK Test
Your No.1 resource for free Life In The UK practice tests with over 1000 questions to help you prepare to pass the official Life In The UK Test. Choose from a set of 33 pre-compiled tests each consisting of 24 practice questions based on Life in UK t

Prestige Wealth Solutions Sponsors the 2014 Xerox Corporate Golf Challenge
The region's award-winning corporate golf tournament, the Xerox Corporate Golf Challenge, has a new backer from Dubai - Prestige Wealth Solutions.

Infinit-O Launches Infinit Accounting as Its New F&A Subsidiary
Infinit Outsourcing, Inc. is now declaring a new subsidiary for one of its specializations - finance and accounting, which is named Infinit Accounting.

Experience the Eco-Friendly Living with All Modern Amenities by Appleby Gardens
The most famous developers called the LJM Developers have come forth with yet another project that offers Condos for sale in Burlington, Ontario.