Mingtiandi

Asia real estate and outbound investment news

  • Facebook
  • LinkedIn
  • RSS
  • Twitter
Sign Up / Login Logout

Lost your password?
Register
Forgotten Password
Cancel

Register For This Site

A password will be e-mailed to you.

  • Capital Markets
  • Events
    • Join the Mingtiandi Proptech Forum 2021
      • Asia Proptech 2021: COVID-19 Accelerates a Trend
      • Panel Talk: Tech Adoption in Logistics Real Estate
    • Promote Your Brand with the Mingtiandi Proptech Forum 2021
    • 2021 Mingtiandi Event Calendar
    • More Events
  • MTD TV
  • People
  • Logistics
  • Asia Outbound
  • Retail
  • Design & Construction
  • Research & Policy
  • Advertise

Brokerage Heavyweights Bag Awards for Big Deals at RICS Hong Kong Event

2018/03/27 by Greg Isaacson Leave a Comment

C&W Francis Li Edward Cheung

Cushman & Wakefield’s Francis Li, who heads investment and advisory for Greater China (left) and Edward Cheung, CEO of Greater China

Hong Kong’s commercial property market is booming, and the annual awards dispensed by industry non-profit the Royal Institute of Chartered Surveyors (RICS) show how international brokerages are stepping up their game to compete for the city’s flurry of deals.

At the RICS Awards 2018 held in Hong Kong on Friday, real estate consultancy Cushman & Wakefield, together with competitor Savills, won the Best Deal of the Year award for a HK$9 billion ($1.2 billion) project sale, marking the biggest-ever property transaction in Hong Kong’s Kowloon area.

Cushman & Wakefield’s team represented Wharf in the disposal of the 55,390 square metre 8 Bay East commercial redevelopment project last October to Shenzhen-based developer LVGEM, 21 months before the property’s handover date.

CBRE Gets Top Honour for Office Team

This year’s RICS awards were judged by a panel of 13 real estate industry veterans, who named winners and excellent achievers across 13 categories. Award recipients were picked from a shortlist of 35 contenders, narrowed down from a pool of 60 nominees.

NYSE-listed brokerage CBRE took the crown for Office Team of the Year, after its Advisory & Transaction Services – Office team helped HKEX Group consolidate its operations under one roof. The stock exchange operator will relocate from One International Finance Centre to Exchange Square in Central, where it is also a tenant, by year-end. The deal, achieved at a competitive rental rate, is said to represent the largest leasing transaction in the city’s Central business district in the past decade.

Chicago-based JLL was also honoured at the RICS event, scooping up awards for Facilities Management Team of the Year as well as Certificates of Excellence for its Retail, Office, Property Management and Project Management divisions. Eric Cheng, director of the NYSE-listed firm’s Retail Department in Hong Kong, also bagged a Certificate of Excellence for Young Surveyor of the Year.

C&W Lures WeWork to Converted Hotel

LKF Tower Hong Kong

Hong Kong’s LKF Tower is home to a new WeWork flexible office center

In addition to its 8 Bay East win, Chicago-based Cushman & Wakefield also took home Certificates of Excellence for both Office Team of the Year and Retail Team of the Year. RICS highlighted the company’s prowess in leasing out the former Hotel LKF to shared office giant WeWork, after helping the landlord, Peterson Group, convert the building in the Lan Kwai Fong nightlife district for office use. Cushman & Wakefield secured a 15-year lease commitment from WeWork as the sole anchor tenant of the property, renamed as LKF Tower. The global co-working giant has confirmed it would open its Lan Kwai Fong centre later this year.

Also recognised at the ceremony was Knight Frank, which took home the top award for Professional Consultancy Services Team of the Year for the fifth year in a row. The London-headquartered firm, which has focussed on growing its agency and professional teams in Greater China over the past year, also received a Certificates of Excellence for Residential Team of the Year and KF’s Cyrus Fong, who joined the company in 2016, took the Certificate of Excellence for Young Surveyor of the Year.

London-listed rival Savills, in addition to sharing the deal of the year award with C&W, took the top slot for Residential Team.

Related Stories

  • JLL and C&W Lead Asia Brokerage Wins with Over S$900M in Singapore DealsJLL and C&W Lead Asia Brokerage Wins with Over S$900M in Singapore Deals
  • CBRE Brokers RMB 4.6B Sale of Shanghai Complex and More Asia Agency WinsCBRE Brokers RMB 4.6B Sale of Shanghai Complex and More Asia Agency Wins
  • Savills Leads Brokerage Wins with $1.2B LG Towers Sale in BeijingSavills Leads Brokerage Wins with $1.2B LG Towers Sale in Beijing
  • Cushman Leads Brokerage Wins with HK$378M HSBC Deal in Kwun Tong Cushman Leads Brokerage Wins with HK$378M HSBC Deal in Kwun Tong 

Share this now

  • LinkedIn
  • Share
  • Tweet
  • Email

Filed Under: Real Estate Professionals Tagged With: CBRE Group, Cushman & Wakefield, daily-sp, JLL, Knight Frank, RICS, Savills

Proptech Registration Jumbo

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Yardi Investment Manager 2

Get Mingtiandi Delivered

Proptech Registration Column

Latest Stories

anny zhang jll

Shanghai Core Office Rents Fell 6.7% Last Year as Vacancy Climbs

Wilson Chen, Tishman Speyer China CEO

Tishman Speyer Promotes Wilson Chen to CEO of China Business

Claire Cormier Thielke, Managin Director, Asia Pacific, Hines

How COVID-19 Ramped Up Proptech Adoption: Watch on MTD TV

Singapore Office Rents May Dip 5% in 2021 and More Asia Real Estate Headlines

Sponsored Features

CK Lau

Asia Pacific Logistics Sector: Increasingly Varied Sector Requires Multiple Approaches Sponsored Feature

COVID-19 Uncertainty Creates New Priorities for Real Estate Investors Sponsored Feature

Urban planning

Urban Placemaking with Big Data and Little People Sponsored Feature

Hines’ One Museum Place Celebrates One Year of a New Shanghai Landmark Sponsored Feature

More Sponsored Features>>

MTD-QR-Code-320

Top Stories

Lian Beng Consortium Buying Breadtalk HQ in Singapore for $88.7MLian Beng Consortium Buying Breadtalk HQ in Singapore for $88.7M

KKR Announces $1.7B Final Closing for First Dedicated Asia Real Estate FundKKR Announces $1.7B Final Closing for First Dedicated Asia Real Estate Fund

Join the Mingtiandi Proptech Forum 2021Join the Mingtiandi Proptech Forum 2021

How COVID-19 Ramped Up Proptech Adoption: Watch on MTD TVHow COVID-19 Ramped Up Proptech Adoption: Watch on MTD TV


Connect with Mingtiandi

  • Facebook
  • LinkedIn
  • RSS
  • Twitter

Real Estate News

  • Capital Markets
  • Events
    • Join the Mingtiandi Proptech Forum 2021
      • Asia Proptech 2021: COVID-19 Accelerates a Trend
      • Panel Talk: Tech Adoption in Logistics Real Estate
    • Promote Your Brand with the Mingtiandi Proptech Forum 2021
    • 2021 Mingtiandi Event Calendar
    • More Events
  • MTD TV
  • People
  • Logistics
  • Asia Outbound
  • Retail
  • Design & Construction
  • Research & Policy
  • Advertise

More Mingtiandi

  • About Mingtiandi
  • Contact Mingtiandi
  • Newsletter Subscription
  • Terms of Use
  • Privacy
  • Advertise
  • Join the Mingtiandi Team

We use cookies in accordance with our Privacy policy to provide the best user experience on Mingtiandi and to safeguard user data. By continuing to browse you consent to the policy. AcceptRefuse