(1 February 2024, Hong Kong) Leading diversified professional services and investment management company Colliers (NASDAQ and TSX: CIGI) has today announced an expansion of capabilities within the Capital Markets & Investment Services (CMIS) through establishment of Restructuring Property Services and the addition of retail services.
The strategic moves will aim to deliver a vision that built on a truly integrated investment team. The Restructuring Property Services will be positioned to service clients in the restructuring and insolvency sector, from handling and sale to the valuation for financing and mortgage of distressed assets. There are now a total of five teams operating within the Capital Markets & Investment Services Department with a specialised focus on large commercial assets, development sites, retail assets, and luxury residential properties that boast a team of over 20 experts.
CK Lau, Managing Director, Colliers | Hong Kong, said: “Following our recent announcement on teaming up Office Services and Project Management team, we are delighted to announce the new organisation structure of Capital Markets & Investment Services in bolstering our business development. The launch of the sub-team of Restructuring Property Services and the addition of retail services are a perfect examplary of our commitment to respond to the market need, signified by our effort in investing in the growth of our capital market business which will see an increase of 37% YoY in investment volume to HKD 50 billion as forecasted in our Market Outlook 2024.”
Thomas Chak, Co-head of Capital Markets & Investment Services, commented: “We are proud to be the only dedicated tier-one real estate business within Hong Kong committed to the execution of insolvency and restructuring appointment. Over the recent months, we have received a strong track record of receiveship appointments and have smoothly and professionally concluded consecutive transactions including the Golden Wheel Plaza, en-bloc commercial building in Tin Hau.“Stanley Wong, Co-head of Capital Markets & Investment Services, added: “According to Colliers’ Market Outlook for 2024, appetite for retail assets shows obvious signs of recovery and rebound with capital values to grow by a further 5% to 8%. To facilitate this growing demand, the addition of retail services will provide our clients with a broader suite of commercial property expertise.”