(19 October 2023, Hong Kong) CBRE Hong Kong has once again been recognized for service excellence at the Royal Institution of Chartered Surveyors (RICS) Awards 2023 in Hong Kong. CBRE Capital Markets were awarded the prestigious Agency Team of the Year Award as well as the Best Deal of the Year Award for the acquisition of Rosedale Kowloon Hotel, the largest Hong Kong hotel conversion deal in 2022. This was achieved in collaboration with Weave Living, PGIM Real Estate and Mayer Brown.
The Capital Markets team was also Highly Commended in the Best Deal of the Year category for the transaction of a luxury residential site for redevelopment in the prime location of Magazine Gap Road, The Peak.
In the Agency Team of the Year category, the CBRE Advisory & Transaction Services – Industrial & Logistics team was Highly Commended for its versatility and achieving leadership position in the industrial sector. In 2022, the team concluded 23 leasing and sales deals with a total floor space of 860,000 sq. ft., which represents 55% of market share.
Tom Gaffney, Regional Managing Director, CBR Hong Kong: “We are very humbled to receive so much recognition from the leading industry body. The awards reflect our commitment to CBRE RISE values (Respect, integrity, Service, Excellence) and our passion for helping clients realize potential in every dimension at different stages of the market cycle. I am grateful for the collaborative spirit of my teams and the trust and ongoing support of our investor and occupier clients.”
Jonathan Chau, Head of Investment Property & Private Office, Capital Markets, CBRE Hong Kong: “Being named the Agency Team of the Year recognizes the relentless pursuit of excellence and the collective efforts of our team, who go above and beyond to address the unique needs of our clients. Despite the challenges we saw in 2022, the team concluded over HK$11.4 billion of transactions across various sectors. According to MSCI Real Assets, CBRE continued to lead commercial real estate investment sales activity in Hong Kong with a market share of 47%. Going forward, we will remain committed to providing actionable and innovative solutions to maximize return on their investments.”
Reeves Yan, Head of Capital Markets, CBRE Hong Kong: “Despite the economic headwinds, our team has remained resilient and professional in providing best-in-class real estate advisory services. I am immensely proud of having won two of the most prestigious awards from RICS – Agency Team of the Year Award and the Best Deal of the Year Award – and I am grateful for the opportunity to provide excellent service for our clients.”
In 2022, the CBRE Capital Markets team concluded more than HK$11.4 billion of transactions with some of the landmark deals include Rosedale Kowloon Hotel, Cargo Consolidation Complex, PentaHotel Hong Kong, and an en-bloc industrial building in Tsing Yi..
Samuel Lai, Head of Advisory & Transaction Services – Industrial & Logistics Services, CBRE Hong Kong: “I am incredibly proud of our team for being Highly Commended in the Agency Team of the Year category. This is a true testament to our team’s dedication, perseverance and innovative mindset in creating strategic real estate solutions for our clients. As we navigate the dynamic Hong Kong industrial property market underpinned by supply and other upcoming government plans, we look forward to capitalizing on the market opportunities and continuing to deliver the best outcomes for our clients.”
The RICS Awards 2023 acknowledged CBRE’s excellence in the acquisition and sale of properties across different sectors. They were judged on five key criteria: professionalism, outcome and achievement, teamwork, innovation, and sustainability. The RICS Awards showcase the most inspirational initiatives and developments in land, real estate, construction and infrastructure and recognize outstanding achievement, teamwork, and companies. The jury panel comprises 14 senior real estate industry leaders to ensure impartiality, professionalism and credibility.