Hong Kong, September 9, 2015 – CBRE has appointed Dennis Yeo as Regional Head, Industrial & Logistics Services in Asia, in line with CBRE’s strategic plan to build its industrial and logistics platform.
Mr Yeo joins CBRE from his most recent role as Managing Director of Colliers, Singapore. A highly respected leader, he has more than two decades of experience handling industrial transactions for multinational corporate clients, funds and institutions across the region—many of which were cross-border. Mr Yeo is widely recognized in the market for his broad experience growing strategic lines of business. He joined CBRE on September 8, 2015, and will be based in Singapore, working closely with the Industrial & Logistics Services teams in each market across the region delivering world-class service to our clients.
Mr Yeo’s appointment is in line with CBRE’s plan to build on its Industrial & Logistics Services platform given the long-term growth prospects in this sector across Asia. In addition, Dennis will be collaborating with Matt Haddon and the Pacific Industrial team to drive growth collectively across Asia Pacific. This partnership will provide excellent coverage and service leasing deals in the industrial space across the region. There is a clear opportunity for CBRE to expand its client base and drive revenue growth.
Manish Kashyap, Regional Managing Director, Brokerage, Asia said, “the long-term growth prospects of the industrial and logistics sector in Asia are tremendous. As the world’s largest commercial real estate services firm, it is imperative that CBRE builds on these capabilities now in anticipation of the uptick in demand for real estate services advisory. Dennis’ appointment is therefore very timely.”
CBRE’s Industrial & Logistics Services platform in Asia spreads across a number of countries including key markets in Hong Kong, Singapore and China, and is an integral part of CBRE’s global platform. Industrial & Logistics Services provides a complete range of brokerage services for tenants and property owners in the sector, and works closely with other CBRE business units to develop and manage a consistent, portfolio-wide process for brokerage transactions.
Demand for logistics warehousing space will remain strong in most Asian markets, driven by the development of organized retail in emerging markets, strong growth of e-commerce and expansion by third-party logistics (3PL) providers. CBRE expects strong logistics rental growth in Shenzhen, Shanghai and Guangzhou in particular, due to robust demand. While the recent downturn in China may delay some rental growth, the long-term fundamentals of rising incomes and increasing consumption remain solid. 3PLs are projected to be most active in the major logistics hubs of Shanghai, Shenzhen, Singapore, Seoul and Tokyo, as well as the emerging hubs in South and Southeast Asia, particularly in India and Vietnam.
-ENDS-
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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 (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
