Asia-Pacific prime office rents decline 3.2% in Q1 2024: Knight Frank
According to Knight Frank’s Asia-Pacific Prime Office Rental Index, the prime office rental market experienced its seventh consecutive quarterly decline in Q1 2024, with Chinese Mainland cities particularly affected.
Hong Kong's grade A office market sees growth in March – JLL
Hong Kong’s overall Grade A office market recorded a positive net absorption of 137,000 sq ft in March, mainly driven by pre-commitments in new projects according to JLL.
Asia Pacific commercial real estate investment increases by 13% in Q1 2024 – JLL
In the first quarter of 2024, Asia Pacific experienced a 13% increase in commercial real estate investment, totalling US$30.5 billion, the only region globally to see year-on-year growth.
Cushman & Wakefield Appointed by Standard Chartered Bank across Asia
Cushman & Wakefield has been chosen by Standard Chartered Bank to provide property services across Asia and manage its global real estate portfolio for the next five years.
Renewable-powered offices preferred by corporate real estate leaders: JLL
Most corporate real estate leaders in the Asia Pacific aim to power at least half of their office portfolio with renewable energy by 2030, according to JLL.
Central Seoul building sold USD$242 million by Colliers and Savills
Allerman has acquired a 19-story building in central Seoul for USD$242 million from Hanwha Asset Management with the assistance of Colliers and Savills Korea.
Jessica Francisco appointed as first Chief Sustainability Officer: Cushman & Wakefield
Cushman & Wakefield has appointed Jessica Francisco as its first CSO and realigned APAC sustainability business. Francisco, with over 20 years of sustainability experience, will lead the development and implementation of comprehensive sustainability strategies across the company, integrating...