Global property consultancy CBRE on Tuesday announced the promotion of Luke Moffat to regional managing director and head of advisory and transaction services for Asia Pacific.
Moffat succeeds Manish Kashyap, who was elevated to global president of advisory and transaction services, Dallas-based CBRE said in a release.
Moffat most recently served as the agency’s regional managing director for eastern China and head of advisory and transaction services for Greater China. He will relocate from Shanghai to Singapore, where Kashyap is also stationed.
“Luke has been an influential leader at CBRE and instrumental in the success of the business groups he has overseen throughout the past seven years,” Kashyap said.
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In his new role, Moffat will oversee a team of more than 2,000 professionals across 15 markets and commercial real estate sectors, including office, retail, industrial/logistics, supply chain, data centres, workplace strategy and consulting, CBRE said.
Before joining CBRE in 2014, Moffat spent six years as a director at BlackRock in Singapore. He led leasing and marketing for the investment management giant’s Asia Square mixed-use complex, which was later sold in phases to the Qatar Investment Authority in 2016 and CapitaLand Commercial Trust in 2017.
The law graduate of Queensland University of Technology also served as an executive director at Colliers International from 2002 to 2008.
Moffat’s predecessor Kashyap has been with CBRE since 1997 and received his promotion last August.
The postings of Kashyap and Moffat in Singapore, as well as some other recent people moves, shine a light on the city-state’s growing importance as a regional hub for CBRE, which has traditionally run its Asia operations from Hong Kong.
Just last month, the company promoted Singapore-based Peter Trollope to global head of project management advisory, following his service as senior managing director and head of APAC projects advisory. Trollope continues to be based in Singapore, where he has performed various roles for CBRE and formerly JLL since relocating from Hong Kong in 2013.
Last November, CBRE announced the hiring of Chris Ely as head of hotel asset management for Asia. The Singapore-based executive leads hotel asset management and operator selection across the region as part of the agency’s capital markets division.
Before joining CBRE, Ely had spent two years as vice president of business development and asset management at hospitality management firm Next Story Group in the Lion City.