In order to strengthen the presence of CBRE in Northern China and further expand the operations of the company in China, CBRE formally opened an office in Dalian in May 2007. The Dalian office will complement existing operations in Beijing and Tianjin and will enhance the ability of CBRE to provide real estate services throughout Northern China. The establishment of the Dalian office will also result in CBRE being well positioned to further capitalize upon growing business opportunities and will allow the company to better meet the real estate needs of domestic and international developers, investors and occupiers in Northern China.
Located in the southern part of the Liaodong Peninsula in North East China, Dalian is situated in a strategic position between the Bohai Bay Region and the North East China Economic Zone. Dalian is also an important port city, with significant trading, industrial and tourism activity. With a picturesque environment and pleasant climate, Dalian has been awarded various titles honouring the favourable living environment within the city. The city has not only attracted a significant number of domestic enterprises, it has also become a popular location for international occupiers and investors.
A significant driver of the decision of CBRE to open Dalian office relates to the fact that in recent years the highest proportion of foreign investment within North East China, in terms of both quantum of investment and number of projects, has been dedicated to Dalian. As an increasing number of domestic and international enterprises move to Dalian to establish their business presence, it will result in growing demand for high quality offices, industrial and logistics properties and additional retail accommodation as both domestic and international organisations continue to invest in the real estate sector in Dalian. The establishment of Dalian office represents not only a further demonstration of the long term commitment of the company to the China market, but also forms part of the ongoing expansion of the company into second-tier markets and an additional step in relation to the further enhancement of the overall operations of CBRE across Greater China.
As a full service office, the Dalian office of CBRE will offer a wide range of real estate services covering the office, retail, residential, industrial and logistics sectors, including research, consulting, leasing, sales and management, as well as specialized services dedicated to Japanese organisations with existing or potential business operations within Dalian. The utilisation of CBRE's comprehensive local, regional and global business platform will significantly assist clients in the rapidly developing real estate market in both Dalian and China, and CBRE is looking forward to building close partnerships with our clients to capitalize upon market opportunities.
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