Cushman & Wakefield partners Suzhou Industrial Park

Singapore

COMMERCIAL real estate services firm Cushman & Wakefield on Thursday said it will help Suzhou Industrial Park (SIP) expand investment opportunities. In doing so, Cushman & Wakefield will utilise its offices in South-east Asia. These include Singapore, Malaysia, Thailand, Indonesia, the Philippines and Vietnam.

The partnership was announced following the signing of a memorandum of understanding (MOU) during SIP's high-quality and pilot free trade zone investment promotion symposium in Singapore.

Kelvin Li, Cushman & Wakefield managing director of East China, said the MOU will focus on cooperation between its East China and Singapore teams, as well as other South-east Asia teams. This is to improve outbound investment by leveraging the best of both the China and Singapore business environments. Cushman & Wakefield East China covers Shanghai, Hangzhou, Nanjing, Suzhou, Hefei and other markets in the region.

"In the future, we hope to copy the success of the China-Singapore SIP model, and apply it to other Belt and Road locations. Cushman & Wakefield will integrate international resources to serve industrial parks as an outbound BRI investment better," Mr Li added.