Insight

Gateway to China

Cresa Global Expansion Continues, Opens New Office In Hong Kong and Plans More Growth

July 1, 2015

BOSTON, July 1, 2015 – Cresa, the world’s largest commercial real estate firm specializing in tenant representation, announced today that it is continuing its aggressive international growth plans with the opening of an office in Hong Kong. 

Cresa Hong Kong, formerly High West, is the leading corporate real estate advisory firm in Hong Kong that exclusively represents tenants and occupiers of space.

“Hong Kong and China are burgeoning commercial real estate markets, and we saw an opportunity there to help office and industrial tenant and space occupiers protect their interests in critical real estate transactions. Cresa Hong Kong is a major expansion for Cresa and also a major opportunity for space occupiers; it will serve as a key Cresa hub to China and the Far East,” said Richard Rhodes, Cresa CEO and Managing Partner of Cresa Washington, D.C.

Recently, Cresa opened global offices in the Netherlands, Belgium, and Argentina.  Cresa Hong Kong joins the firm’s other international locations in over 60 markets, including Canada, in addition to over 50 offices in the United States. The expansion into additional global markets, Rhodes says, furthers Cresa’s ability to provide services exclusively to occupiers of office and industrial real estate.

“More Cresa international openings are coming soon,” said Rhodes.

“We are responding to increased market demand among companies for tenant and occupier-only services to help them receive non-biased services,” added Rhodes. “There is a void of tenant representation firms in Hong Kong and extended markets in China and worldwide, and this allows us to add great added value with our objective, conflict-free, integrated services model.”  

Rhodes says that recent market research cites that companies may be compromised by traditional real estate firms that represent landlords as well as tenants.

According to Keith Hemshall, a partner at Cresa Hong Kong, “We are like-minded client advocates with Cresa. Joining forces gives us additional resources and strengthens our capacity to serve more clients through our objective, integrated tenant representation approach.”

This spring and summer, Cresa aims to open an additional seven new offices in other international markets. Last year, the most successful in the firm’s history, Cresa completed over 100 assignments in more than 25 countries outside North America.  Projects included transactions, project management, portfolio management, lease administration, and strategic planning.

Cresa, based in Boston, is the world’s largest corporate real estate advisory firm that exclusively represents tenants and occupiers, serving more than 75 markets in North America and 75 markets worldwide.  Cresa specializes in the delivery of conflict-free, integrated real estate services, including: Transaction Management, Project Management, Strategic Planning, Corporate Solutions, Site Selection, Lease Administration, Capital Markets, Mission-Critical Solutions, Relocation Management, and Facilities Management. For more information, visit www.cresa.com.