While rents in Seoul’s major retail districts have drifted sideways in 2022, future rental growth will be determined in part by the attractiveness of the physical store in providing customer experiences.” Says 2023 Korea Retail Market Outlook Report by Savills, Simon Smith Savills Regional Head...
JLL appoints Kevin Hou as Managing Director for Taiwan
JLL (NYSE: JLL) announced the appointment of Kevin Hou as Managing Director of JLL Taiwan. Tony Chao will become Executive Chairman of JLL Taiwan office and will continue to support the growth of the company businesses in Taiwan.
CBRE Announces Partnership with Australia's INSPACE in Japan
CBRE announced a partnership in Japan with INSPACE, an Australian PropTech company specializing in digital twins, 3D stacks, and 360-degree virtual tours of real estate properties.
GIC and ESR establish a US$600 million Joint Venture to invest in Core Industrial and Logistics Assets in India
GIC and ESR Group Limited ("ESR"; SEHK Stock Code: 1821) announced, an 80:20 strategic partnership to establish a US$600 million joint venture ("Core JV") to acquire income-producing core industrial and logistics assets in India.
JLL advises on sale of Seoul’s Jongno Tower sold to SK REITs $431.7m
JLL acted as joint exclusive sale advisors with Avison Young Korea as Jognno Tower Seoul sold by KB Asset Management for KRW621.5 billion ($431.7 million) to SK REITs. Chaehun Chang, Managing Director of JLL Korea said, "This is a testament to the unwavering demand for investment in landmark...
CBRE Helps OTB Group Expand Presence in China by Securing Prime Retail Space in Shanghai
The CBRE Shanghai Advisory & Transaction Services – Retail team was commissioned by Italian luxury group OTB to lease four flagship stores in the heart of West Nanjing Road CBD as China’s prosperous domestic spending gave a big lift to retailers’ confidence.
CBRE releases 2021 Seoul Office Tenant Profile and Outlook report to identifying demand drivers
According to the report, leasing activity volume recovered significantly starting in the second half of 2020, backed by aggressive expansion activities by companies, and Seoul’s Grade A office market recorded the highest net absorption of 555,000 sq. m. in 2021 despite the ongoing pandemic.
Huizhou Greater Bay Area iconic high-end Shopping Mall Huamao Place (華貿天地) sold to Spring REIT
Mr. Leung Kwok Hoe, Kevin, CEO and an Executive Director of Spring Asset Management Limited said, “The acquisition of Huamao (華貿天地) is fully in line with Spring REIT’s strategy to invest in yield-accretive and income-producing real estate assets with long-term growth potential.
CBRE Topped Korea Commercial Real Estate Investment Sales Activity in 2021
“CBRE’s remarkable achievement in Korea underscores the incredible effort from our outstanding professionals and our client-focused approach to delivering exceptional outcomes, said Sean Choi, Head of Capital Markets, Korea.
CBRE Korea hosts webinar on notable up and coming office markets ‘Pangyo, Magok, Seongsu’
CBRE Korea hosted a webinar covering the high potential and positive prospects of the Pangyo, Magok and Seongsu business districts. Claire Choi, Head of Research at CBRE Korea, Sean Choi, Head of Capital Markets at CBRE Korea, and Andy Park, Head of Advisory and Transactions (A&T) Services...
