David Hui of Cushman & Wakefield
Real estate services provider Cushman & Wakefield recently added an experienced property development executive to lead its Guangzhou office, as the US-based company sees promise in southern China’s markets.
In a recent announcement from Cushman & Wakefield, it introduced David Hui, who formerly was a general manager with privately held developer Nan Fung China as the new leader of its office in the capital of Guangdong province.
Commenting on the new hire, Jonathan Davis, Managing Director of China at Cushman & Wakefield said, “We are delighted to have David joining us in Guangzhou, an important market for Cushman & Wakefield. This new appointment enhances our China leadership team as we commit to expanding our Southern China operations.”
The statement from the company indicated that Hui will be responsible for the company’s Guangzhou team, oversee all their business activities across the market, and drive strategic initiatives for the Guangzhou office to enhance business development and transaction opportunities.
Hui has worked for over 20 years in the Greater China real estate market, having also been a general manager with Gold Tak Holdings prior to joining Nan Fung, and also having experience with an international service provider.
Commercial Markets Growing in Southern Chinese Cities
According to a recent report from Cushman & Wakefield, The fastest appreciating office space in mainland China sits just across the border from Hong Kong in Shenzhen, where average office rentals increased 17.4 percent in the first quarter, compared to the same period last year.
According to a recent report from property consultancy Cushman & Wakefield, both Guangzhou and Shenzhen placed among the top ten cities in Asia for office rental rate growth during the first quarter this year.
Guangzhou was the sixth fastest growing market in the region in terms of office prices according to the survey, and in China was bested only be neighboring Shenzhen which placed fourth in Asia.
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