HONG KONG, CHINA – Media OutReach – 25 March 2018 – Leading global commercial real estate services firm Cushman & Wakefield shone once again at the Royal Institution of Chartered Surveyors (RICS) Awards in Hong Kong in 2018, winning the prestigious “Best Deal of the Year” award, and Certificates of Excellence in both categories of Office Team of the Year and Retail Team of the Year.
The annual RICS Awards ceremony held on 23 March 2018 in Hong Kong recognized the city’s most successful real estate teams and developments in the property sector in the previous year. In 2017, Cushman & Wakefield scooped property investment deals of more than HK$42 billion. One of those deals — the sale of the 8 Bay East office project from The Wharf Holdings to LVGEM that we brokered together with Wheelock Properties — not only broke a handful of records in terms of transaction consideration (HK$9 billion) and project size (600,000 sq ft in GFA) but also earned us and Wheelock the “Best Deal of the Year” award at the RICS in Hong Kong.
Francis Li, International Director, Head of Investment & Advisory Services, Greater China of Cushman & Wakefield, said, “Winning the RICS award sums up brilliantly our achievements in the Hong Kong property investment market in 2017, and encourages us to do even better in 2018 and beyond. I thank our Hong Kong team on this project for their outstanding effort and innovative solutions to close this historic deal.”
Innovation is why Cushman & Wakefield has been recognized with Certificate of Excellence by the RICS too. Last year we helped with the LKF Tower conversion project in Central and secured global co-working space operator WeWork as a single anchor tenant. Meanwhile, we brought an innovative catchment area marketing concept to individual landlords and F&B tenants in Tin Hau, Hong Kong Island, delivering excellent results to all parties and enhancing the reputation of Tin Hau Food Square as an authentic food haven in Hong Kong.
John Siu, Managing Director, Hong Kong of Cushman & Wakefield, commented, “Our teams readily responded to the challenges posed by these complex projects in the market with an innovative approach, coupled with effective and tailor-made advisory services for clients. The success of our teams at this year’s RICS Awards is the best testament to our strength and capabilities. We are committed to continue delivering the highest standard of services going forward.”
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm with 45,000 employees in more than 70 countries helping occupiers and investors optimize the value of their real estate. Across Greater China, there are 20 offices servicing the local market. The company was named the top China real estate services firm in four categories of Overall, Valuation, Agency/Letting and Research by Euromoney’s 2017 Survey. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $6 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit www.cushwakecentennial.com, www.cushmanwakefield.com.hk or follow us on LinkedIn (https://www.linkedin.com/company/cushman-&-wakefield-greater-china)
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