To reinforce local presence in 5 markets and strengthen overall capabilities
December 10th, 2012, Beijing —CBRE, the world's leading commercial real estate service company, today announced that Jason Lee will join the company as Managing Director of the Northern China region in China, with effect on 1st January 2013. In this capacity, Jason will have overall responsibility for the business activities and operational performance of the company in Northern China in terms of client development, service delivery and financial results. This will include the strategic oversight of business activities within existing offices in Beijing, Tianjin, Dalian, Qingdao and Shenyang, as well as within other parts of Northern China.
Over the past few years, Northern China has witnessed significant growth in the real estate sector, with Beijing serving as a key hub that drives the overall development and evolution of the industry in the surrounding provinces and key cities. According to CBRE’s Q3 2012 market data, overall market performance is positive over the full spectrum of the property industry, as a result of a steady macro economy. Retail and logistics sectors are expected to continue the strong demand. Consumption-related industries such as e-commerce, electronics and the automobile account for the bulk of demand that will drive further growth in the two segments.
Chris Brooke, President & CEO of CBRE in China, said: "The Northern China region represents the largest component of our business in China and I am delighted that we have been able to appoint an individual of the calibre of Jason to oversee our business activities within the region. With his developer and retailer background I am confident that Jason will be able to add significant value to serving our clients going forward. “
Jason Lee said:" I am very excited to join CBRE, the world’s most reputable brand for real estate services. The real estate industry is evolving rapidly and clients’ demand is getting increasingly sophisticated. We need to be well aware of this in our day to day business operations and client services model as we build a truly client-oriented business. I believe we can achieve that by pulling together as one team, to service our clients with the best combination of our expertise.”
Jason has held a number of senior management roles within major multi-national companies within his nineteen year career, and has a broad range of real estate experience both in China and in the United States. Before joining CBRE, Jason was a Senior Director and Head of Strategy at Walmart Asia Realty, the development arm of the company. Prior to his employment at Walmart, Jason also held senior management positions at both Tesco and Vantone.
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 website 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.
