Shorea Capital taps Andrew Ostroumoff to lead UK asset management

Singapore-based investment firm Shorea Capital has appointed Andrew Ostroumoff as its new head of Asset Management for the UK. 

Andrew Ostroumoff

Based in London, he will be responsible for all asset and property management activities, including developing and implementing strategies for Shorea Capital's UK portfolio. A key focus will be the SIRA office project at 188 City Road, London, a redevelopment of the former Lipton Tea Company headquarters, and he will also support new acquisitions.
Ostroumoff brings extensive experience from Longmead Capital and Colliers International, where he managed diverse property portfolios and delivered complex asset plans for significant projects across the UK, including the transformation of 10 Old Bailey. His appointment is a strategic move for Shorea Capital as it expands its UK investment and asset management operations, particularly targeting central London offices.
Shorea Capital, established in 2018 and backed by Hwa Hong Corporation and Asian family offices, manages over US$2.0 bn in assets across various real estate projects in Singapore, Australia, and the UK. This appointment follows the earlier hiring of Adam Starr as managing director, UK.
Adam Starr, managing director, UK at Shorea Capital, said: "We’re delighted to welcome Andrew to our growing team. Given his strong track record in commercial real estate investment and management, and nuanced knowledge of the central London office market, he will be instrumental in Shorea Capital’s UK growth as we aim to significantly bolster our capability and capacity over the next 24 months. Our medium-term goal is to build a high-quality investment and asset management platform in the UK, delivering best-in-class services to existing and new clients, and Andrew’s appointment neatly fits into this strategy.”
Andrew Ostroumoff, head of Asset Management, UK at Shorea Capital, added: “I am thrilled to have joined Shorea Capital at such a pivotal time for the company and look forward to driving the growth of its investment and asset management platform. The UK market continues to offer a wealth of untapped opportunities, and I am excited to play a role in unlocking and optimising them for the benefit of our clients together with our talented team of seasoned real estate professionals.”