Our Business

Rykadan has invested in 18 highly profitable projects to date in the Greater China region, United Kingdom and the United States. Our mission is to enhance shareholder value by resourcefully deploying capital in our value-added investments around the world.

With clear insight into the market, we identify high-potential international projects and improve asset values to maximize shareholder returns. We have invested in numerous projects spanning three continents with total managed assets exceeding USD 1.6 billion.

Successful real estate projects are a culmination of local market knowledge, experience in identifying remunerative opportunities and best-in-class management practices. Our cutting-edge developments employ innovative technologies and comprehensive management strategies to add value for partners and clients. Our core strength is our deep experience, not only in property markets, but also in capital markets. When opportunities arise, we seize and take advantage of them.



Total Asset Invested to Date

1,000,000 sq.ft.

1,000,000 sq.ft.

Square Footage Invested to Date

18 Projects Completed

18 Projects Completed

12 Assets Exited

12 Assets Exited



Current Value of Assets Under Management

6 Countries

6 Countries

Countries with Rykadan planning, projects or investments:
Bhutan, Canada, China, United Kingdom, United States & Hong Kong

*All figures as of December 31, 2020 unless otherwise noted.

Los Angeles USA
Toronto Canada
Verona Italy
London United Kingdom
Punakha Bhutan
Shanghai China
Hong Kong China

Real Estate

Rykadan Capital Tower

Ideally located on the waterfront of CBD2, Rykadan Capital Tower is a 25-storey Grade-A office tower. With outstanding transportation connections and world-class views of Victoria Harbour, the development seamlessly connects to Hong Kong’s past while establishing itself as an intrinsic part of its fresh future.

Highly anticipated, the tower achieved one of the highest average pre-sale prices per square foot for 2012. The entire development was sold within one week, taking advantage of the CBD2 initiative launched by the Hong Kong Government. Completed in 2013, it has become a Hong Kong landmark for its beauty, location, views and long-term investment value.


Situated in Tsim Sha Tsui, Kowloon, and close to West Kowloon and the high-speed rail link terminal, The Paseo is Rykadan’s first residential real estate project in Hong Kong. At 25 storeys, it offers luxury residential and retail space, with the lower three floors for retail use and the upper floors for residential use. Built on a lot that was acquired by Rykadan through a government land auction, it was an opportunistic investment with exceptional returns. The lot has an area of approximately 271.3 square metres with a permitted total gross floor area of approximately 2,441 square meters for both residential and non-industrial use.

Rykadan launched pre-sales of the residential portion in September 2015. All 66 units were successfully sold out within 2 months and the average sales price was more than HK $25,000 per square foot. The Paseo was completed at the end of 2016.


Located just minutes from Lai Chi Kok MTR station in the promising Kowloon West business district, The Agora is a 30-storey, modernised industrial building with Grade-A office specifications. The property has a lot size of 14,506 square feet with a permitted total gross floor area of approximately 181,325 square feet Rykadan acquired and demolished the existing industrial building to create a sophisticated urban tower with unparalleled potential. Within the first two months of the project launch, 70% of units were sold. Within one year after pre-sale, all units and car parks were sold out. The Agora was completed at the end of 2018.


A rare redevelopment opportunity situated in Hong Kong’s city centre, Khora is a property located in Tai Kok Tsui, Kowloon. Rykadan began this project by acquiring a cluster of old buildings in Tai Kok Tsui, a coveted area of West Kowloon spanning 7,200 square feet. The industrial structures were demolished to make way for a single high-quality industrial site dedicated to flexible workspace and premium offices. The total gross floor area of 86,400 square feet was sub-divided into 289 small units and two floors of large units. During market pre-sales, 70% of the small units were sold within the first month. Khora was completed at the end of 2018.


Rykadan acquired an exciting and high-potential property on Wong Chuk Hang Road for redevelopment in 2017. Since the commencement of the MTR South Island Line in 2016, the area has emerged as a new business district due to its proximity to Central, the prime CBD of Hong Kong. A steady stream of industrial buildings are being converted from industrial to commercial use in the area. The property is now under construction and will be developed into a 27-floor Grade A office tower with podium retail and basement car park spaces. The total gross floor area of the project is approximately 107,220 square feet. The development is expected to be completed in the first half of 2022 and is projected to return immense investment value.
●Muse Design Awards
●Rethinking The Future Awards 2021 First Award | Workplace (Interior) (Concept)
For more information, please visit 23wch.hk


Rykadan successfully acquired a strata-titled old composite building in Wan Chai for redevelopment. The property is situated in Wan Chai, a commercial center in Hong Kong with Grade-A office buildings, hotels and the Hong Kong Convention and Exhibition Center in the district. The project is just 5 minutes from Wan Chai MTR station and the Exhibition Center Station, which is expected to commence in 2021. The existing property will be demolished and redeveloped into a 27-floor commercial building with a total gross floor area of approximately 48,990 square feet. The development is expected to be completed in the first half of 2022.


The Kailong Nanhui Business Park is an American-style business park located in the Nanhui area, an Eastern part of Shanghai close to Disney Resort, Shanghai Pudong International Airport and Shanghai Harbour City. A coveted location that is superbly connected to public transportation, the park was an unprecedented real estate opportunity that Rykadan capitalized on. Being in the Nanhui Industrial Zone of Shanghai, PRC, the land enjoys preferential taxes and subsidy policies available to state-level economic and development zones.

The Kailong Nanhui Business Park currently has five premium buildings, a guardhouse, power shed and car park that provide a total gross floor area of 52,304 square meters Each building is four to five storeys and each storey has a gross floor area ranging from approximately 1,700 square meters to 4,000 square meters.

964 Fallen Leaf Road, Arcadia, CA

964 Fallen Leaf is a majestic Neo-Tudor Revival home in the City of Arcadia’s coveted Upper Rancho area.  This luxurious home boasts over 16,000 square feet of quality finishes on nearly 1 acre of sculptured landscaping. 

This new Global Luxury branded home was built by the industry recognized Bowden Development with over 40+ years of expertise and numerous successful projects.  The design by the influential Robert Tong, features 7 bedrooms and 13 bathrooms, a circular driveway, a 30-foot high, grand entrance with hand painted rotunda and hallway, double curved stairways leading up to the 2nd floor, in home elevators, a library, a cigar tasting room, a family room highlighted by a 20-foot bay window overlooking the beautifully decorated backyard with a pool, a spa, and an outdoor fireplace. 

This estate was completed in 2017. 

957 Hampton Road, Arcadia, CA

957 Hampton is a magnificent south facing, ground up construction featuring 11010 square feet of superlative design and exquisite finishes on 3/4 acres of meticulously landscaped park like grounds.  It is situated in the exclusive Upper Rancho neighborhood in the City of Arcadia, also known as Beverly Hills East with the many affluent Asian homeowners who took residency in this prestigious enclave. 

This masterpiece was built by the renowned Mur-Sol Construction, which has completed numerous high-end fine homes in the Arcadia, Newport Beach, and other affluent neighborhoods. The home was designed by the prominent local designer Robert Tong.  Featuring 7 bedrooms all with en-suite baths, family room with a 30 feet high ceiling and separate breakfast area with bar overlooking the sumptuous backyard, featuring a designer pool and spa with private shower and bathroom on a custom deck and BBQ area. The home also features a wine tasting room, a home theatre, and a private gym.  

This estate was completed in 2017.

960 SingingWood Dr, Arcadia, CA

Luxurious Brand New Construction on one of Arcadia’s best streets in the prominent Upper Rancho neighbourhood. Designed by Robert Tong, built by Bowden Development and developed by Rykadan, this breathtakingly beautiful home is where effortless style and class are on show. This property sets the new standard for global luxury in all of San Gabriel Valley. This 6 bedroom, 7.5 bathroom, 9,629sf feet masterpiece on a 0.61 acre lot features 3 car garage, casual and formal dining areas, open kitchen, fireplace in the living room, private movie theatre, a spacious family room, pool and spa, wine room, executive office, 2nd wok kitchen, laundry room and gym with sauna and full bath.

263 W. Naomi Avenue, Arcadia, CA

Two opulent, south facing estates featuring 8183 and 8357 square feet respectively of exquisite design & finishes in the Baldwin Stocker area.

The two estates on adjacent lots were ground up redeveloped in 2019.   

265 W. Naomi Avenue, Arcadia, CA

Two opulent, south facing estates featuring 8183 and 8357 square feet respectively of exquisite design & finishes in the Baldwin Stocker area.

The two estates on adjacent lots were ground up redeveloped in 2019.   

333 W. Le Roy Avenue, Arcadia, CA

This south facing custom estate, was built by reputable, local builder Bowden Development and designed by the renowned Robert Tong. The gorgeous foyer features beautiful chandeliers & marble flooring. The wide hallways lead to the Grand Open Family Room & Kitchen area overlooking the entire Northern end of the property with an endless, gleaming, custom pool & spa with views, offering abundant light throughout. The showcase gathering room celebrates grandness on a massive scale with exquisitely detailed designer ceilings and enhanced and decorative wooden walls creating an aura that will be the talk of parties for years to come. Coffered ceilings, imported tiles, marble, granite and hardwood floors are a mainstay throughout the estate. The property has a private office with coffered ceilings, a professional home theater, and an all glass, climate-controlled wine store. The main level master suite features sitting area and huge master bath of imported tiles with extra-large soaking tub and expansive glass wall shower. Also features an outdoor Loggia off of the Kitchen, Living Room and Bedroom.

This joint venture development was completed in 2019.   

1135 Winston Ave, San Marino, CA

This renovation and addition to historic Gothic house at 1135 Winston Avenue, San Marino was completed in 2020.

701 Anoakia Ln, Arcadia, CA

This charming Ranch style home is located in the Upper Rancho neighborhood of North Arcadia and is situated on a quiet cul de sac street with beautiful mountain views. This stunning single-level ranch facing the South is perched on a flat-sprawling 33,500 sq. ft lot w 5 bedrooms and 4 bathrooms. The front of the property has an over-sized circular driveway w a large lawn and an abundance of mature trees. The interior includes an admirable living room w a fireplace and sliding doors that go into the immaculate backyard, as well as a formal dining room, and a cozy living room that connects to the kitchen which include grand windows that overlooks the front lawn. The spacious master bedroom includes a large bathroom w dual sinks & vanity area as well as ultimate sliding doors that leads to the backyard. This property has an entertainers dream floor plan with the stunning backyard which includes a large swimming pool, vast grass area, and mature landscaping.


In 2023, Rykadan plans to launch a 150-unit center with more than 40,000-foot retail, mixed-use property development in the heart of downtown Monterey Park, California. Designed by internationally renowned architects, the Jerde Partnership, the development will offer unsurpassed design and architectural standards to its occupants and guests. The residential portion of the development will feature luxury serviced apartments and a unique 20,000-foot food hall experience on the ground floor.

The Group anticipates project completion in 2025.

1470 Virginia Ave, San Marino, CA

This Spanish-style, 8,183sf estate in beautiful San Marino, CA is one of the only newly built residences in the area. Set on over an acre of land, and boasting 6 bedrooms with 7.5 bathrooms, it’s a remarkable residence bursting with luxurious finishes and on-trend features. A gated entryway welcomes you to the exquisitely landscaped and manicured grounds, where a long driveway leads to a three-car garage and plenty of room for guest parking. Several of the home’s well-designed six bedrooms are ensuite, and three provide direct access to an expansive balcony overlooking the backyard. All 7.5 baths are sophisticated and opulently finished to a very high standard. The basement of this remarkable luxury residence also features a state-of-the-art home theater, a large gym, a bedroom, and wine storage. The lush outdoor oasis includes a terraced patio, a large swimming pool, a spa and a covered outdoor kitchen with an abundance of seating.


Rykadan has invested into Graphite Square, a new mixed-use development in Vauxhall, London.  In collaboration with international developer Third.i and JV partners including PTG Land, the project will bring 160 new homes encompassing 3 unique residential towers atop of a 4-storey office podium offering over 80,000 square feet of co-working space to the neighborhood.

Graphite Square is situated on the southeastern side of River Thames in South London and a short walk to the Vauxhall Station on the Victoria Line.

For more information, please visit Graphitesquare.uk


Rykadan has invested in a commercial property located in London’s Shoreditch district, the heart of the U.K.’s technology startup cluster.

The property is a freehold office building consisting of four upper floors, a ground floor and a lower ground floor with a total gross floor area of 11,041 square feet. It is located just minutes from the Old Street roundabout—also known as the ‘Silicon Roundabout’—which is the third-largest technology startup cluster in the world after San Francisco and New York City.


Rykadan has invested in a 24-suite, luxury boutique resort located in Bhutan’s Punakha Valley—an emerging high-end tourism destination.

This resort is an exclusive opportunity in the rare seclusion of Bhutan’s countryside. Offering guests luxury experiences in the historic destination, it has gained international recognition and accolades.

For more information, please visit Dhensa.com

Asset Management

Rykadan currently manages two Real Estate Funds started in October 2017 and May 2018, respectively, with a total AUM of over USD $600M. These funds have focused on valuable redevelopment opportunities in Wong Chuk Hang (Hong Kong Island South) and Wan Chai.

Rykadan focuses its construction management expertise on creating value in property investments. With veteran talent and fastidious development tactics, we identify promising investment opportunities and manage and add value to these assets, resulting in high returns to stakeholders.

To broaden investor participation and fulfil our flexible investment strategies, we maintain and operate the Rykadan Real Estate Funds. Our private, closed-end funds accelerate our approach to realise investment opportunities.

Key Facts at a Glance
Current AUM: Over US$600M (FX translated from HKD)

Rykadan Real Estate Fund, L.P.

First Close: December 2017
AUM: US$400M

Rykadan Real Estate Prospect Fund, L.P.

First Close: May 2018
AUM: US$200M
Asset Management

Rykadan is a leading international investment firm focused on sustainable, risk-adjusted returns that provide long-term capital growth for investors. With comprehensive real estate industry experience, we carefully execute underwriting, structuring and value-enhancing exit strategies with remunerative results. Our partner network has been meticulously cultivated for over a decade, allowing us to employ cost-effective and efficient property management and deal sourcing for our real estate investments. Our mission is to align our interests with yours by soundly investing capital into each vigilantly chosen fund that we steward.

In February of 2020, Rykadan Capital Management Limited was granted Securities and Futures Commission (SFC) Asset Management license (Type 4) and license (Type 9).


Rykadan currently operates the Dhensa Boutique Resort in the heart of the tranquil Punakha Valley in Bhutan. Managed under Rykadan Hospitality Management, this boutique destination expands our robust portfolio of investments to the lucrative luxury hotel, resorts and hospitality markets in Asia.

For more information, please visit Dhensa.com

Construction Materials

Construction Materials

Rykadan has been the exclusive distributor for Quarella Stone in the China market since 2012. Quarella is a leading Italian engineered-stone manufacturer and a leading brand for large-scale developments such as airports, commercial buildings and shopping centers, including the Hong Kong International Airport and London Heathrow Airport. In this capacity, the Group was able to drive China market leadership with annual sales of over 600,000 square metres per annum. In 2017, an opportunity arose to acquire Quarella from the previous owner and the Group, along with a Chinese partner, took hold of this synergistic investment.

For more information, please visit Quarella.com