CB Richard Ellis (CBRE) has opened a China Desk to co-ordinate inbound and outbound cross-border activity between the Europe Middle East and Africa (EMEA) region and Greater China. The broker said that there is growing interest among its clients in investing in the Asian tiger.
CB Richard Ellis (CBRE) has opened a China Desk to co-ordinate inbound and outbound cross-border activity between the Europe Middle East and Africa (EMEA) region and Greater China. The broker said that there is growing interest among its clients in investing in the Asian tiger.
Bryn Davies, senior director, Greater China Client Development CBRE EMEA, joins the EMEA team from CBRE Greater China where he was head of retail for the region. Based in London, Davies will take responsibility for co-ordinating outbound business from clients based in EMEA as well as inbound business to EMEA from clients based in Greater China.
CBRE said Greater China continued to be one of the world's premier destinations for foreign direct investment (FDI) in 2008 with close to $100 bn committed to initiatives in Hong Kong, Mainland China and Taiwan. At the same time, Greater China's outbound foreign direct investment (FDI) in 2008 totalled $40 bn.
Mike Strong, Chairman of CB Richard Ellis, EMEA, said: 'The CBRE Greater China business has been working with a number of European based clients such as Treasury Holdings, Hugo Boss, BMW, Maersk and Barclays Capital for some time as they have looked to enter or expand within Greater China. The China Desk enables us to build upon this track record by providing clients with dedicated access to the latest market insights in relation to the opportunities which exist within the complex Chinese property markets.'
