Key Takeaways
- • Graeme Torre is departing APG after eight years as managing director and head of real estate for Asia Pacific, leaving later in November 2025 to pursue new opportunities in property investment.
- • Brian Hung, an APG veteran who joined the firm in 2014, has been promoted internally to succeed Torre and lead the organization's APAC real estate platform.
- • Under Torre's leadership, APG's APAC real estate portfolio expanded significantly beyond core assets to include alternative sectors such as data centres, debt, multi-family residential, self-storage, and life sciences.
- • APG manages €616 billion globally with €50 billion dedicated to real estate, positioning it among Europe's most active pension fund managers investing in Asia Pacific real estate strategies.
- • APG has backed major regional ventures with operators including Goodman, ESR, Greystar, and Scape, demonstrating deep market engagement across the region.
Summary
APG Asset Management announced the departure of Graeme Torre, who has led the Dutch pension fund manager's Asia Pacific real estate business since 2017. Torre is leaving the organization later in November after eight years to pursue new career opportunities in property investment. The transition marks a significant leadership change at one of Europe's most active institutional investors in APAC real estate.
Brian Hung, a company veteran who joined APG in 2014, has been selected to assume Torre's role as head of APAC real estate. The promotion reflects APG's strategy of developing leadership talent internally. Hung will oversee a substantially expanded real estate platform that has grown well beyond traditional core assets.
During Torre's tenure, the APAC real estate portfolio underwent considerable diversification and geographic expansion. According to Patrick Kanters, APG's global chief investment officer for private markets, the platform significantly expanded its team of regional experts and strengthened partnerships across mainstream sectors. The portfolio subsequently grew to encompass alternative asset classes including data centres, debt instruments, multi-family residential, self-storage facilities, and life sciences properties. APG has established itself as a major institutional backer for regional operators, including Goodman, ESR, Greystar, and Scape. With €616 billion in assets under management globally and €50 billion dedicated to real estate, APG ranks among Europe's most active pension fund allocators to Asia Pacific real estate strategies.
Torre's departure underscores the competitive dynamics for experienced Asia-focused real estate leadership, while the internal succession with Hung signals continuity in APG's regional strategy and investment approach.
Brian Hung, a company veteran who joined APG in 2014, has been selected to assume Torre's role as head of APAC real estate. The promotion reflects APG's strategy of developing leadership talent internally. Hung will oversee a substantially expanded real estate platform that has grown well beyond traditional core assets.
During Torre's tenure, the APAC real estate portfolio underwent considerable diversification and geographic expansion. According to Patrick Kanters, APG's global chief investment officer for private markets, the platform significantly expanded its team of regional experts and strengthened partnerships across mainstream sectors. The portfolio subsequently grew to encompass alternative asset classes including data centres, debt instruments, multi-family residential, self-storage facilities, and life sciences properties. APG has established itself as a major institutional backer for regional operators, including Goodman, ESR, Greystar, and Scape. With €616 billion in assets under management globally and €50 billion dedicated to real estate, APG ranks among Europe's most active pension fund allocators to Asia Pacific real estate strategies.
Torre's departure underscores the competitive dynamics for experienced Asia-focused real estate leadership, while the internal succession with Hung signals continuity in APG's regional strategy and investment approach.
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