BW Industrial Development appoints Gene King as chief investment officer

The newly created position marks the inauguration of BW Industrial Development JSC’s fund raising and fund management business.

Gene King was appointed as its chief investment officer of BW, effective March 1

After six years of growth from 2018, BW will be launching its namesake private equity vehicles, in both growth and core strategy, to cope with the ever-surging demand from supply chain diversification and investment appetite for Vietnam industrial assets.

King will be based in Ho Chi Minh City to oversee all equity-related strategies from capital raising and joint venture partnership, to fund management.

King brings 19 years of experience to the table in cross-border property development and mergers and acquisitions. He has been stationed in Ho Chi Minh City since 2016, and his strong presence and active market engagement have built him profound industry relationships in the region.

Before joining BW, King was managing director of Ally Logistic Property Vietnam, a Taiwanese industrial property powerhouse, covered Vietnam, Indonesia, the Philippines, Singapore and Thailand. He served as principal of Cathay Private Equity’s SEA Logistics Infrastructure Partnership during the tenure.

BW is one of Vietnam’s leading logistics and industrial real estate platforms with over nine million square metres of industrial land in prime locations under control across 51 projects in 11 key cities and provinces in Vietnam.

The company has been focused on developing for-rent modern warehouses and light industrial to capture the outsized growth opportunities of manufacturing, increasing domestic consumption, and the rapid growth of e-commerce.

As of the fourth quarter of 2023, BW has secured equity commitments of more than $1 billion from its investors and partners and has formed strategic partnerships with leading global manufacturers, e-commerce, and logistics players to serve one of the fastest-growing markets in Asia.

BW breaks ground for new logistics centre in Bac Ninh BW Industrial Development JSC, Vietnam’s leading industrial real estate developer, on January 25 opened a new logistics project in VSIP Bac Ninh 2 Industrial Park, marking the start of its development plan to kick off 12 new projects in 2024.