Newmark Group, Inc., announced that Andrew Armstrong has joined the firm as Director in Hong Kong, focusing on the industrial and logistics space. In his role, Armstrong advises a broad range of clients—developers, funds, logistics operators, data centre businesses and cold storage occupiers—on real estate requirements in Hong Kong. Armstrong brings over a decade of leasing and transaction experience across Hong Kong and the Middle East.

“Hong Kong’s industrial market continues to attract international buyers and occupiers. Andrew’s experience advising across the global industrial supply chain, combined with his strong local knowledge, will prove invaluable to our clients,” said Vice Chairman of Newmark Hong Kong, Rhodri James. “His experience complements Newmark Hong Kong’s comprehensive suite of services across office, industrial, retail and capital markets.”

“This is an exciting opportunity to contribute to building a business that aims to bring nimbleness and global perspectives to the local real estate market,” said Armstrong. “Industrial demand from MNCs and 3PLs remains robust in Hong Kong, and I look forward to applying market knowledge in areas such as automation to meet the complex and specific needs of those global users.”

Hong Kong’s recent lifting of the compulsory quarantine requirement for inbound travelers and introduction of a “0+3” arrangement are expected to have a positive impact on the economy, including the industrial and logistics sectors. These sectors are expected to benefit from favourable policy tailwinds including the Industrial Buildings Revitalisation Scheme and robust demand from international and domestic businesses for industrial space, especially in cold storage and data centres.

Armstrong held senior roles in industrial services in Hong Kong and advisory and transactions services in Dubai before joining Newmark.

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