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March 12
CBRE Appointed as Strategic Marketing and Leasing Consultant for Phase III of Hong Kong Science Park
  on 3/12/2012 9:22 AM

CBRE Appointed as Strategic Marketing and Leasing Consultant for

Phase III of Hong Kong Science Park

 
HK Science Park to Target Globally Renowned Technology Companies
 
 

 

5 March 2012, Hong Kong – CBRE has been appointed by The Hong Kong Science and Technology Parks Corporation (“HKSTPC”) as the strategic marketing and leasing consultant for Phase III of the Hong Kong Science Park.  CBRE’s role is to assist HKSTPC promote Phase III to globally competitive corporations of the focused technology clusters with a primary focus on green-tech and biotech organisations.   

 

Phase III of HK Science Park is one of the key development projects highlighted by the Financial Secretary in the recent 2012-13 Budget announcement. In recent years, the HK Government has looked to encourage and facilitate the development of innovation and technology related industry in Hong Kong. The commencement of this HK$4.9 billion Phase III project is a move to further enhance world-class research infrastructure for the city.    

 

Located along the water front of Tolo Harbour, the 22 hectare HK Science Park currently provides 20 state-of-the-art buildings in Phase I and II offering 2.22m sq. ft. of R&D office space to over 360 technology companies in the focused technology clusters of information and communications technology, electronics, precision engineering, biotech and green tech.  Phase III of the Park will offer a further 1.1m sq. ft. of office space for lease.  The first building is scheduled to become available in late 2013.

 

Mr. Craig Shute, Senior Managing Director of CBRE for Hong Kong, Macau and Taiwan, said,” We are very proud to be appointed as the strategic marketing and leasing consultant and are confident that through CBRE’s global platform, experience and resources, we can provide the strategy, innovation and responsive execution on behalf of HKSTPC to successfully market Phase III of the Hong Kong Science Park. This is a very significant project for Hong Kong, not only does it signify a further advancement and commitment to the development of the city’s technology and research industry, but also strengthens its status as a key regional hub for corporations to set up their Asia Pacific business headquarters.”

 

Mr. E Anthony Tan, Chief Executive Officer of HK Science Park, said, “Our mission is to propel Hong Kong into a world-class hub for selected technologies, by providing facilities, services and a dynamic environment that enable companies to nurture ideas, innovate and develop.  Phase III of the HK Science Park targets global technology cluster companies.  We truly rely on a world-class consultant to identify and acquire the appropriate tenant mix for the project.  We believe that CBRE’s unrivalled global platform and rich marketing and large-scale project expertise can help us achieve this.  We are also extremely impressed with CBRE’s genuine corporate commitment to sustainability, where they share the same values and vision as ourselves.”

Download File:

HK Science Park (Eng).pdfHK Science Park (Eng).pdf​

March 09
CBRE GLOBAL OFFICE RENT AND CAPITAL VALUE INDICES STABILIZE IN Q4 2011
  on 3/9/2012 9:41 AM

 

CBRE GLOBAL OFFICE RENT AND CAPITAL VALUE INDICES STABILIZE IN Q4 2011
For full year 2011, Office Rent Index Rose 5.0%; Office Capital Value Index Rose 8.2%
 
 
March 8, 2012 Beijing — The CBRE Global Office Rent and Global Capital Value Indices held steady in Q4 2011, increasing by only 0.48% and 0.44%, respectively. Compared with year-end 2010, the indices measured increases of 5.0% for Global Rent and 8.2% for Global Capital, reflecting stronger growth in the first half of 2011.
 
“After a good start in 2011, global office rental rates and capital value recoveries were delayed in the fourth quarter by the dominant global macro-economic issues,” said Dr. Raymond Torto, CBRE Global Chief Economist. “We believe the recoveries in commercial real estate are only delayed not denied, as new construction pipelines are sparse except in a select number of markets.”
 
The uncertain global economic backdrop continued to contribute to occupier and investor caution, thus diminishing the strength of the global office commercial real estate recovery. While both global indices continued to edge upward slightly, the quarterly growth rates were notably below the rates previously seen in the first half of 2011.
 
·         For example, since the CBRE Global Office Rent Index began increasing in Q2 2010; the average quarterly growth rate through Q3 2011 was 1.2%.
 
·         Similarly, the CBRE Global Office Capital Value Index reached bottom in Q4 2009, and its quarterly average growth rate through Q3 2011 was 2.2%.
 
·         Both the Global Capital Value Index and Global Rent Index are 10% below their pre-recession peaks.
 
CBRE Global Office Rent Index Regional Breakdown
 
  • Thanks to slight gains in the office-using employment sector in the U.S., a moderate resurgence in demand has gradually reinvigorated the Americas Rent Index, which increased 0.95% this quarter, making this the strongest quarterly gain for all three global regions. However, in order for the Americas Index to return to pre-recession rent levels, employment across all economic sectors must noticeably improve.
 
  • While the Asia Pacific Rent Index rose 2.8% on average over the past six quarters, it edged up only 0.27% in Q4 2011. Despite having experienced the relatively strongest rental recovery, the region currently stands the farthest below its pre-recession peak.
 
  • EMEA’s Rent Index inched up 0.19% in Q4 2011. The uncertainty surrounding the European Sovereign Debt Crisis has contributed to occupier caution. Remarkably, though, EMEA’s Rent levels fell the least and stand the closest of all regions to reaching pre-recession levels.

 

 Global Office Rent Index.jpg



 

 
 
CBRE Global Capital Value Index Regional Breakdown
 
  • From Q2 2010 through Q2 2011, the Asia Pacific region was responsible for boosting the Global Capital Value Index and led all three global regions with the highest quarterly growth rates. This quarter, however, the Americas Capital Value Index contributed most strongly with a 2.0% quarterly increase, while Asia Pacific and EMEA saw quarterly declines of 0.6% and 0.04%, respectively.
 
  • However, the Americas index level remains the lowest of all regions relative to its pre-recession levels.
 
  • In contrast, having undergone the largest recovery from its trough, Asia Pacific’s current index level is only 0.7% below its pre-recession peak level, even despite tempered growth over the past two quarters.
 
  • Meanwhile, since emerging from its trough in Q3 2009, EMEA’s Capital Value Index has gradually recovered; increasing by 16.3% from its trough. It still hovers 13.1% below its cyclic peak recorded in Q3 2007.
 

 

Global Capital Value Index.jpg

 

 
 
The CBRE Indices were created by CBRE Research. The Global Office Rent Index is comprised of data from 123 cities around the world. The Global Capital Value Index uses the same sample for EMEA and Asia Pacific, while the Americas data is derived from the National Council of Real Estate Investment Fiduciaries (NCREIF) and is not built up city by city the same way as is the rent index data. The base period for the indices is Q1 2001.

 

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February 02
GLOBAL OUTLOOK FOR REAL ESTATE REMAINS UNCLEAR IN 2012
  on 2/2/2012 3:10 PM

Beijing, 2 February, 2012 -- Macro-economic and political landscape uncertainty suggests that a cautious outlook for commercial real estate is likely to persist into 2012 according to a new report from CBRE Global Research. The Global ViewPoint for 2012 notes that high quality real estate assets in prime locations should continue to perform well compared to secondary real estate and very competitive with regard to other asset classes.

 

Download Attachment:

Press Release - Global ViewPoint 2 Feb eng.pdfPress Release - Global ViewPoint 2 Feb eng.pdf​

November 28
CBRE Appoints New Managing Director for Taiwan
  on 11/28/2011 9:46 AM

28 Nov, 2011 Beijing — CBRE is pleased to announce the appointment of Mr. Joseph Lin to the position of Managing Director for its Taiwan office with immediate effect.

 

Download Attachment :

20111128 Appointment of Managing Director in Taiwan office_en.pdf20111128 Appointment of Managing Director in Taiwan office_en.pdf

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November 23
Luxury Residential Market in Asia Set to Weaken Further as Buyers Turn More Cautious
  on 11/23/2011 9:44 AM

23 Nov, 2011 Beijing — Buyers of luxury residential property in Asia turned more cautious in the third quarter under the impact of the faltering recovery in the United States, deepening Eurozone debt crisis and property cooling measures implemented by various governments across the region. Transaction volume in all markets recorded a significant decline y-o-y in the third quarter, with home sales in Hong Kong slumping to the lowest level recorded since 2009

 

Download Attachment :

20111123 Asia Luxury Residential Market Q3 2011_en.pdf20111123 Asia Luxury Residential Market Q3 2011_en.pdf​

November 21
CBRE Group, Inc. Global Office Rent and Capital Value Indices Continue to Rise in Q3 2011
  on 11/21/2011 9:43 AM

21 Nov, 2011 Beijing — The CBRE Global Office Rent and Global Capital Value Indices continued to rise during the third quarter (Q3) of 2011. The CBRE Global Office Rent Index posted a year-over-year (versus Q3 2010) increase of 5.1%, and a quarter-over-quarter (versus Q2 2011) increase of 0.9%—the sixth straight quarterly rise. The CBRE Global Capital Value Index recorded growth of 10.7% for the past year, and 1.1% for the past quarter. 

Download Attachment:

20111121 Global Office Rent and Capital Value Indices_en.pdf20111121 Global Office Rent and Capital Value Indices_en.pdf
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November 17
CBRE Group, Inc. Wins CoreNet Global Innovator’s Award For Global LaborView Platform
  on 11/17/2011 9:41 AM

17 Nov, 2011 Beijing — CBRE Group, Inc. was recently honored by CoreNet Global with its annual H. Bruce Russell Global Innovator’s Award, conferred at the CoreNet Global Summit in Atlanta, GA. The award—which showcases solutions, best practices and innovations in corporate real estate and workplace management—recognized CBRE for its Global LaborView, an online tool that synthesizes labor and real estate market intelligence on a unique, interactive platform. CoreNet Global is the world’s leading corporate real estate association.

 

Download Attachment :

20111117 CBRE wins CoreNet Global Innovator's Award_en.pdf20111117 CBRE wins CoreNet Global Innovator's Award_en.pdf​

November 15
Logistics Rental Growth in Asia Pacific
  on 11/15/2011 9:39 AM

Logistics Rental Growth in Asia Pacific Accelerates in Q3 but Growth in Land and Capital Values Slows
 
15 Nov, 2011 Beijing —Growth in the CBRE Asia Pacific Logistics Rental Index accelerated to 2.0% q-o-q in the third quarter compared to 1.4% q-o-q in the second quarter. This was largely due to the strong performance of key Greater China markets, where retailers competed to secure quality logistics space in prime areas in anticipation of peak retail consumption during the Lunar New Year in January. Logistics rents in the Pacific held firm, although some markets recorded significant fluctuations.

Download Attachment :

20111115 Asia Pacific Industrial Market Q3 2011_en.pdf20111115 Asia Pacific Industrial Market Q3 2011_en.pdf


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November 11
Prime retail rental growth in Asia Pacific,
  on 11/11/2011 9:34 AM

Prime retail rental growth in Asia Pacific, strengthens in Q3 despite global economic worries
 
11 November 2011, Beijing – The CBRE Asia Pacific Prime Rental Index recorded another solid period in the third quarter despite the uncertain global economic picture, with growth accelerating to 2.4% q-o-q compared to 1.6% q-o-q in the second quarter. Greater China remained a key driver of regional rental growth as key markets in the PRC saw retailers expand aggressively on the back of strong domestic retail spending. Hong Kong and Singapore were the other standout performers in Asia, whilst rental growth slowed in the Pacific. 

Download Document :

20111111Asia Pacific Retail Market Q3 2011_en.pdf20111111Asia Pacific Retail Market Q3 2011_en.pdf

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November 09
Market sentiment remains positive
  on 11/9/2011 9:32 AM

Market sentiment remains positive but deal flow weakens towards end of third quarter
9 November 2011, Beijing – Commercial real estate sales in Asia Pacific increased 36% q-o-q in the third quarter of 2011, although the bulk of the deals were completed in July and transaction volume tapered off in the following two months. Transaction volume in Asia grew by 55% q-o-q whilst the Pacific was largely unchanged, according to CBRE’s Asia Pacific Capital Markets MarketView report for Q3 2011. 
       

Download Attachment :

20111109 Asia Pacific Capital Market Q3 2011_en.pdf20111109 Asia Pacific Capital Market Q3 2011_en.pdf​

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Contact Information :
 

Karen Chen
Director
Marketing & Communications
China
T:  8610 8588 0691
F:  8610 8588 0899
E:  karen.chen@cbre.com.cn
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