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Bricks & Mortar Management
Eric Wong founded Bricks & Mortar Management in 2002, deploying capital across 100M+ sq ft of international real estate for Hong Kong families.
Bricks & Mortar Management
Bricks & Mortar Management was founded in 2002 by Eric Wong, who previously directed Asia real estate research for UBS and anchored that team’s perennial top-three institutional ranking (per the firm, 2024). Headquartered in Hong Kong, the group operates as a multi-family office and private equity vehicle focused on direct property investments on behalf of high-net-worth families — relying heavily on Wong’s own macro and policy analysis to shape portfolio positioning across Asia-Pacific and Europe. The firm’s deployment spans office, prime residential, retail, industrial, and farmland assets with a geographic mix that includes Hong Kong, Singapore, the United Kingdom, Greece, Australia, and New Zealand. Confirmed sector concentrations include a Hong Kong industrial portfolio, a Cambodia-focused high-end condominium and retail portfolio built around the country’s foreign direct investment and infrastructure cycle, and a Western Australia city-center commercial portfolio tied to the post-COVID commodity-demand recovery. Bricks & Mortar also maintains a dedicated digital-assets allocation, reflecting a broader alternatives appetite. The organization claims a 60x return on equity across its 22-year managed portfolio — implying a roughly 20 percent annualized return — though no independently audited figure is publicly available (per firm website). The firm is operated principally by Eric Wong, whose advisory and media presence provides a steady sourcing channel for off-market deal flow in Hong Kong, Australia, and Southeast Asia. Wong maintains alumni connections through Cambridge and Warwick universities and has been a speaker for Hong Kong’s Institute of Financial Planners. No additional offices or affiliated wealth-management vehicles are disclosed, and the organization does not publicly report total assets under management, total headcount, or capital-raising cadence. Bricks & Mortar’s structural signature is an owner-operator model in which the investment principal is also the chief research officer — a departure from the standard multi-family-office architecture that layers manager selection atop an internal CIO. The firm’s return narrative is anchored to Wong’s own underwriting of macroeconomic and urban-policy shifts, particularly the bet that rising commodity exports will transform Western Australian city centers and that Cambodia’s demography and FDI cycle warrant a dedicated high-end residential and retail allocation.
General information
Firm type
Multi Family Office
Year founded
2002
AUM
Undisclosed
Location
Region
Asia
Country
Hong Kong
City
Hong Kong
Corporate office
Hong Kong, Hong Kong
Principals
Eric Wong
Founder
Sector focus
Frequently asked questions
Who runs investment decisions at Bricks & Mortar Management?
Founder Eric Wong leads all investment decisions. Before founding the firm, Wong spent 13 years at UBS as Head of Asia Real Estate Research, where his team consistently placed in the top three of institutional polls. His research coverage spanned property developers, landlords, REITs, and hotel stocks across Hong Kong and China (per firm website).
How does the firm source its real estate deals?
Bricks & Mortar relies primarily on Eric Wong’s local networks, media presence, and long-standing industry relationships built during his UBS research career. Wong is a frequent commentator on Hong Kong television, radio, and print media on property markets and urban planning — a role that gives the firm direct visibility into off-market and policy-driven opportunities across Hong Kong, Australia, and Southeast Asia.
Is the Cambodian condominium strategy a fund or a direct portfolio?
The firm describes its Cambodia exposure as a direct high-end condominium and retail portfolio concentrated in Phnom Penh. It views the Cambodian allocation as a high-conviction theme driven by accelerating fixed-asset investment, strong FDI flows, and significant infrastructure improvements (per firm website). The exact legal structure — whether separate SPVs or a single pooled vehicle — is not publicly detailed.
What asset classes beyond real estate does Bricks & Mortar allocate to?
While real estate is the core, the firm has confirmed a dedicated digital assets and cryptocurrency portfolio alongside its property holdings. Its real-estate subtypes are diversified across office, prime residential, retail, industrial, and farmland. The broader mandate also includes distressed and turnaround opportunities, private equity, and alternative investments (Altss estimate).
Does Bricks & Mortar participate in fund commitments or only direct deals?
Bricks & Mortar operates almost exclusively through direct investments and co-investment structures rather than fund commitments. The firm’s literature emphasizes that it invests client capital directly into properties it sources and manages, maintaining an owner-operator posture rather than an allocator model.
How does the firm serve multi-generational wealth?
The organization is built as a multi-family office providing tailored private-wealth services to a small group of high-net-worth families. Its emphasis on farmland, industrial property, and income-producing real estate is designed for capital preservation and inflation protection — attributes that align with the long-duration liabilities typical of multi-generational family balance sheets.
Is there an audited track record available for the 20% annualized return claim?
The firm’s website states that its managed portfolio has returned 60x on equity over 22 years, implying a roughly 20 percent annualized return. No independent audit or third-party verification of this figure is publicly available, and prospective allocators should treat it as a self-reported performance claim.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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