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.”
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2011 revenue). The Company has approximately 34,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our Web site at www.cbre.com.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.
