Cushman & Wakefield and Suzhou Industrial Park Sign Strategic Cooperation in Singapore

Geraldine Cheong • 05/12/2019

Cushman and Wakefield and the Suzhou Industrial Park have signed a Memorandum of Understanding (MOU) to expand investment opportunities for the Suzhou Industrial Park.

The MOU was inked at the Suzhou Industrial Park's (SIP) High-Quality Development and Pilot Free Trade Zone Investment Promotion Symposium in Singapore.

Under the agreement, the firm will leverage its Southeast Asian offices, including Singapore, Malaysia, Thailand, Indonesia, the Philippines and Vietnam, and its East China team, to expand investment opportunities for the SIP as well as Singaporean and Chinese enterprises. The close collaboration between Cushman & Wakefield and Suzhou government officials led to the Suzhou Industrial Park's (SIP) High-Quality Development and Pilot Free Trade Zone Investment Promotion Symposium and the successful signing of the SIP strategic cooperation.

Dennis Yeo, Chief Executive of Cushman & Wakefield Singapore & Southeast Asia, signed the MOU on behalf of Cushman & Wakefield, witnessed by Mr. Shaomin Lan, Secretary of Suzhou Municipal Party Committee and Singapore government officials.

Cushman & Wakefield East China covers Shanghai, Hangzhou, Nanjing, Suzhou, Hefei and other important markets in the region. Since its beginnings in Shanghai in the 1990s, the East China team has driven the industrial and modern service development of cities in the Yangtze River Delta through its vast and ever-growing network of resources. The team is part of a global network of nearly 400 offices across 70 countries that provide the world's top enterprises high-quality services, ranging from site selection to asset management throughout the property life cycle. East China's cooperation with SIP can be traced back to the early 2000s, when it first began to provide office building and industrial real estate services, such as leasing, valuation, consulting.

Dennis Yeo, Chief Executive of Cushman & Wakefield Singapore & Southeast Asia said “Rapid economic shifts present tremendous opportunities for Southeast Asia (SEA), within Asia Pacific as well as globally. A partnership of this scope boots opportunities for closer business ties and investments between China and SEA”.

Kelvin Li, Managing Director of East China at Cushman & Wakefield, said: "The memorandum will focus on our cooperation between East China and Singapore team as well as other Southeast Asia offices, to best serve SIP. The teams will improve outbound investment by leveraging the best of both China and Singapore business environments. In the future, we hope to copy the success of the China–Singapore SIP model, and apply it to other Belt & Road locations. Cushman & Wakefield will integrate international resources to serve industrial parks as an outbound BRI investment better.”

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