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CBRE tapped for exclusive Shangri-La assignment.

CB Richard Ellis recently announced that it has been appointed as the marketing and leasing agent in relation to the office tower within the Shangri-La Centre, the latest Grade A office development in Chengdu, Sichuan Province.

Located in the center of Chengdu, the office tower within the Shangri-La Centre will achieve new standards in terms of office specification and management. Situated overlooking the Fu Nan River, the office tower with a total gross floor area of 44,700 square meters and column-free floor layouts of 1,480 square meters is adjacent to the 5-star Shangri-La Hotel. The building is well-equipped with a wide range of facilities and represents the first truly Grade A office building in the city. The development is expected to become the new landmark within the office market in Chengdu.

"We are very honored to have the opportunity to work with the Shangri-La Hotel Group in connection with this project, and view this opportunity as part of a strategic partnership going forward. We believe that there is significant potential associated with high-quality office accommodation in second-tier cities such as Chengdu, as the availability of this type of space is very limited and tenants are increasingly seeking well-designed, high-quality premises managed to international standards. We believe this project will become a showcase and will help drive the development of office buildings in Chengdu as well as support the overall economic prosperity of the city and western China," said Chris Brooke, Managing Director, Greater China at CB Richard Ellis.

"Chengdu, as the capital city of Sichuan Province and 'Gateway to the West,' is one of China's most thriving and prosperous cities. Our Chengdu Office will leverage the combined capabilities of the global resources available to CBRE as well as local expertise in order to attract high quality occupiers to the project. We hope to play an integral part in contributing to real estate development in Chengdu," said Loh Siang Huei, Managing Director of CB Richard Ellis in Chengdu. CB Richard Ellis established an office in Chengdu in January 2006. The establishment of the office represented a further step in the expansion of the geographical coverage of the company in Greater China. As a market leader in every major real estate sector, the services provided by the Chengdu office include Asset Services, CBRE Consulting, CBRE Research, Investment Properties, Office Services and Retail Services. In addition, the Chengdu office, supported by a combination of people, service and knowledge, has quickly established itself as a comprehensive real estate services provider capable of meeting the needs of a wide variety of clients.
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Publication:Real Estate Weekly
Date:Oct 18, 2006
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