asia PROPERTY EDGE Jan−Jun 2008

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GLOBaL CORPORaTE sERViCEs

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CB Richard Ellis Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2007 revenue). With over 29,000* employees, the Company serves real estate owners, investors and occupiers through more than 300 offices worldwide (excluding affiliate offices). CB Richard Ellis offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. CB Richard Ellis is the only commercial real estate services company named one of the 50 “best in class” companies by BusinessWeek, and was also named one of the 100 fastest growing companies by Fortune. Please visit our Web site at www.cbre.com.hk/asia

* Excludes 5,500 affiliates

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ORDDear All,

Welcome to the 12th edition of Asia Property Edge.

The unprecedented pace of growth we witnessed last year has given way to a period of uncertainty and caution in the first half of 2008. The sub-prime mortgage meltdown and high inflation that has hit most countries is a stark reminder of how global the world has become and how connected we in Asia are with the bigger market players.

It is not all gloom and doom, however. I am a firm believer that in every situation, opportunities are there for us to seize. And CBRE is in a good position to seek out new areas of growth and fresh business opportunities.

Indeed, I am glad to report that in the last six months, we continued to see spurts of activity. Earlier in June this year, we opened the 15th full service office in Shenyang, completing our coverage of the CBRE network in Northern China. Despite the slow down in the US, Greater China remains a key growth area for Asia. There remains a healthy level of activity, generated both by domestic and international developers, investors and occupiers in China. CBRE also entered into a Joint Venture with Vanke, China’s largest residential developer, to provide property management services to high-end residential properties developed by Vanke and its subsidiaries and affiliates.

As further testimony of our continued strong growth, CBRE Group Inc’s second quarter 2008 results saw revenues in the Asia Pacific region, which includes operations in Asia, Australia and New Zealand, increase by nearly 28 per cent from a year

ago. Singapore and China, together with Australia, accounted for the strong revenue increase. While the pace of investment activity has slowed, CBRE is still leading the way in securing top value commercial investment transactions such as the sale of Singapore Power Building (US$739M), The Atrium@Orchard (US$614M), Hitachi Tower (US$593M) and 71 Robinson Road (US$544M) in Singapore; and Tin’s Plaza (US$109M) in Hong Kong.

Across Asia, our leasing business recorded healthy levels in the first half of this year although we are entering challenging times as financial and professional firms have slowed their expansion in Asia.

That said, we are forging ahead to improve service levels, tapping on our comprehensive Asian platform to give our clients the value-add they are looking for. We take very seriously our leadership in corporate social responsibility in terms of philanthropy and environment sustainability, and the many activities we have supported and championed the last six months bear this out.

The Asian financial crisis in 1997 taught us invaluable lessons. I am very confident that we will be able to weather this storm and emerge stronger.

Willy SheeChairmanAsia

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Tin’s Plaza

inVEsTMEnT PROPERTiEs

Tin’s PLazaThe Hong Kong Investment Properties team brokered the sale of Tin’s Plaza to Goodman International for US$109 million. Located at 2 Tin Hau Road, Tuen Mun, New Territories, the 25-storey quality logistic / industrial building has a total floor area of approximately 1.34 million sq. ft.

InvesTmenT

4 shung shun street

4 shunG shun sTREET, Yau TOnG, KOWLOOnThe Hong Kong Investment Properties team successfully arranged the sale of 4 Shung Shun Street to Lai Sun Group, one of the major developers in Hong Kong at US$24.1 million by way of private tender. Located prominently along the waterfront of Yau Tong, the development site occupies an area of about 17,760 sq. ft. and is currently used as open carpark.

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nGinVEsTMEnT & PROJECT MaRKETinG

LaunCh OF inTERnaTiOnaL PROJECTsChina properties have attracted investors’ interests more than ever as raising opportunities ahead of the Olympic Games. Capland Center, a mixed-use project located in the CBD of Qingdao, will get all the attention it deserves this summer with the global private equity firm Carlyle Group as investor, John Bilmon at PTW Architects as architect, residences with sweeping sea views over the Regatta bay.

Another project, Prince Hills Grand Apartments, is an exquisite luxury residences alongside the hub of the CBD in Shanghai. Boasting both traditional and bourgeois living alongside the hub of the CBD, owners of these 3,100 sq. ft. apartments are privileged with five-star hotel services provided by Nikko Hotel International.

Launch of Prince Hills Grand Apartments, shanghai

Two IFC One Island east The Center Langham Place

Client Area Building Transaction (sq. ft.) Nature

Standard Chartered Bank 127,000 Millennium City 1 Renewal

Samsung 39,000 Central Plaza New Letting

Vocational Training Council 28,000 Skyline Tower New Letting

ICAP 26,000 The Center New Letting

BBVA 25,000 Two IFC New Letting

Tiffany & Co 22,000 Warwick House & One Island East New Letting

Reitmans (Canada) 21,000 New World Centre, West Wing Renewal

Black & Veatch 18,000 Millennium City 6 New Letting

Panasonic Shun Hing 18,000 Langham Place Rent Review

Intesa Sanpaolo 17,000 Lee Gardens New Letting

Prudential 12,000 One IFC New Letting

OFFiCE sERViCEs

TEnanT REPREsEnTaTiOnA number of leasing transactions were concluded by the Hong Kong Office Services team:

Launch of Capland Center, Qingdao

InvesTmenT & PROJeCT mARKeTInG | OFFICe

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PaRisianThe team was appointed as the managing agent for a luxury residential property located at 8 Stanley Mount Road.

1–11 Fu uK ROaDA godown located at 1–11 Fu Uk Road, Kwai Chung, Kowloon. As the development is targeted for redevelopment, the team scope of services will be extended, when that happens.

FOOK TOa MansiOnAppointed by Sunshine Shore Investment Limited to provide property and tenancy management services for Fook Toa Mansion located at 8–12 Sung Wong Toi Road, 127–131 Tam Kung Road, Kowloon.

aRRaCOuRT LiMiTEDThe team secured a management and building service consultancy project for Arracourt Limited, one of the owners of Li Po Chun Chambers.

assET sERViCEsThe Hong Kong Asset Services team clinched the following property management assignments during the first half of 2008:

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inDusTRiaL & LOGisTiCs sERViCEsThe Hong Kong Industrial & Logistics Services team was appointed as marketing agent for the following projects:

sanDOz CEnTRELocated at 178-182 Texaco Road, Tsuen Wan, New Territories, the project which occupies two consecutive levels of the building has a total size of 52,750 sq. ft.

WinG hinG inDusTRiaL BuiLDinGLocated at G/F, the project, together with lorry parking spaces, occupy a total gross floor area of 6,480 sq. ft.

REGEnT CEnTRE TOWER aLocated at 63 Wo Yi Hop Road, Kwai Chung, New Territories, the project is located on high floor and has a total gross floor area of 29,700 sq. ft.

sandoz Centre

InDUsTRIAL & LOGIsTICs | AsseTs | COnsULTInG

Regent Centre

Wing Hing Industrial Building

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CBRE COnsuLTinG -nEW assiGnMEnT

hOnG KOnG inDusTRiaL EsTaTEsThe Hong Kong Consulting team was commissioned by the Hong Kong Science and Technology Park Corporation to prepare a consultancy study to review the land premium policy for three existing industrial estates located in Tai Po, Yuen Long and Tseung Kwan O. In order to review the competitiveness of the existing land premium policy, new premium as well as guidelines to determine the new premium level will be recommended.

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CBRE REsiDEnTiaLThe Hong Kong Residential team scored the following sole marketing appointments, all within luxurious Repulse Bay:

ThE BEaChFROnTLocated on the beachfront on the north side of Repulse Bay, the development consists of 16 luxury houses, each with 5-storey occupying a gross floor area of 3,047 sq. ft.

RuBY COuRTWith a gross area of 1,780 sq. ft., Ruby Court is an elegant and modern development comprising two high-rise blocks and full sea views of Repulse Bay.

GRanD GaRDEnA popular family development located in a tranquil location at the end of South Bay Road and is in close proximity to Repulse Bay. The sea view unit being marketed has a gross floor area of 3,061 sq. ft.

The Beachfront

Ruby Court

PiQuaDRO

Originating from Italy, the company specialises in producing travel and business luggage. The team secured a space of approximately 1,200 sq. ft. at The Peninsula Hotel Shopping Arcade in Tsimshatsui. This is their third store in town, with other shops in Harbour City and IFC.

ManninGsMannings is a leading hea l t h and beau t y retailer with 242 outlets in Hong Kong. The team has concluded two leasing deals for Mannings on Haiphong R o a d , Ts i m s h a t s u i (approximately 1,600

sq. ft.) and Wellington Street, Central (approximately 1,950 sq. ft.).

MinE sushiMine Sushi started its operation in Japan in 1970. The team assisted the popular Japanese Sushi resturaunt to open its fourth outlet in Silvercord, Tsimshatsui measuring a gross area of approximately 2,600 sq. ft.

saTaMiSpecialising in ladies intimate apparel since 1985, the team has secured a prime retail shop in Shatin Plaza for its sixth outlet in Hong Kong.

CaLVin KLEin unDERWEaREstablished in 1982, Calvin Klein Underwear is well-known for its iconic advertising campaigns featuring top models and celebrities. The team secured a 1,100 sq. ft. space in Silvercord, Tsimshatsui.

ViOLaThe team secured a space for Viola’s 12th store in Silvercord, Tsimshatsui, measuring approximately 1,800 sq. ft. Viola is a ladies fashion chain store.

RETaiL sERViCEs - suCCEssFuL LEasinG DEaLs

violamannings

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8 BUILDInG COnsULTAnCy | PROJeCT mAnAGemenT | vALUATIOn & ADvIsORy

VaLuaTiOn & aDVisORY sERViCEs The Hong Kong Valuation & Advisory Services team secured the following mandates:

BuiLDinG COnsuLTanCY sERViCEs

REinsTaTEMEnT PROJECT FOR saMsunGThe Hong Kong Building Consultancy Services team provided reinstatement services for Samsung’s previous premises at IFC 2. The project entailed submission of building plans to fit-out works and all works were completed within the client’s budget and ahead of deadline.

hOsPiTaL auThORiTY TERM COnTRaCTThe team was also appointed by the Hong Kong Hospital Authority as the Term Maintenance Surveyor for project management in public hospitals in Hong Kong East and West Clusters for 2006-2008. The project encompasses design preparation, budget monitoring, progress supervision, workmanship and site safety of the term contractor for all maintenance, improvement, extension, addition and alteration, and fitting-out.h

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Client

Want Want China Holdings Limited

Regal REITs

Macquarie Bank

Job Description

Performed due diligence and property valuation

Annual valuation

Valuation assignment for shopping centres in China for Macquarie Bank

Land Area

• 12millionsq.ft.landsite• Approx31millionsq.ft.properties• Approx493rentedproperties

Five hotels in Hong Kong with a total gross floor area of 2.1 million sq. ft. containing 3,542 guest rooms, 25,454 sq. ft. food and beverage facilities as well as 78 MICE (meetings, incentives, conventions and exhibitions) facilities.

Nine shopping centres measuring a total of approx 6.7 million sq. ft. scattered in various second tier cities in China, including Changsha, Dalian, Harbin, Jinan, Nanjing, Nanning, Shenyang, Tianjin and Wuhan.

CBRE PROJECT ManaGEMEnT -nEW assiGnMEnTs

WELLinGTOn GLOBaL inVEsTMEnT ManaGEMEnT LiMiTEDA leading global institutional asset manager that acts as an investment advisor serving approximately 1,500 institutions located in over 40 countries. The team has been tasked to fit-out of its new office expansion project with floor area of 12,899 sq. ft. at One Exchange Square, Central.

JP MORGan ChasE GuanGzhOu BRanCh OFFiCEThe team was also appointed by JP Morgan Chase to fit-out of its new branch office at International Finance Place, Zhujiang New City, Guangzhou. With a floor space of 7,213 sq. ft., this new office will accommodate open plan work area, enclosed manager rooms, cash counter, meeting rooms, training room, pantry, Hub room and UPS room.

valuation assignment for shopping centres in China for macquarie Bank

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inVEsTMEnT PROPERTiEsThe Singapore Investment Properties team recently advised the vendor on the purchase of the following transactions:

hiTaChi TOWER sOLD FOR us$593 MiLLiOnThe team brokered the sale of Hitachi Tower to a foreign fund at a purchase price of US$593 million. The 37-storey Hitachi Tower has a net lettable area of approximately 279,600 sq. ft.

sinGaPORE POWER BuiLDinG sOLD FOR us$738.8 MiLLiOnSingapore Power Building was sold to a fund managed by Pacific Star Group for US$738.8 million. Upon completion of the transaction, the Singapore Office Services team was awarded the leasing assignments for the building. The 17-storey building on Somerset Road has a total net lettable area of 550,000 sq. ft. Part of the makeover of the 30-year old property will include retail and dining space. The first phase of the building’s transformation is scheduled for completion in the second half of 2009.

71 ROBinsOn ROaD aCQuiRED FOR us$543.8 MiLLiOnGerman fund Commerz Real purchased 71 Robinson Road. The vendors were Kajima Overseas Asia and Lehman Brothers. The purchase price was US$543.8 million. The 15-storey Premium Grade A office building has a net lettable area of 238,000 sq. ft.

ThE aTRiuM@ORChaRD sOLD FOR us$614.2 MiLLiOnThe Atrium@Orchard was sold to CapitaMall Trust for US$ 614.2 million. The building which comprises two office towers of 7 and 10 storeys respectively has a total net lettable area of approximately 373,446 sq. ft. with retail space on the ground floor.

The Atrium @ Orchard

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singapore Power Building

Hitachi Tower

71 Robinson Road

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OFFiCE sERViCEsThe Singapore Office Services team bagged the following sole marketing appointments:

MaRina BaY FinanCiaL CEnTRE PhasE 1 nOW 60 PER CEnT PRE-LETAhead of the landmark development’s completion in the second quarter of 2010, the team has been able to secure leasing pre-commitments of approximately 60 per cent. Financial institutions including Standard Chartered Bank, Natixis, ICAP, Barclays Capital and Wellington Asset Management have pre-committed to taking up space at Marina Bay Financial Centre. Phase 1 comprises 1.6 million sq. ft. CBRE has been retained as the sole marketing agent for the 1.5 million sq. ft. of Phase 2.

LEasinG & PROPERTY ManaGEMEnT aT 111 sOMERsETUpon completion of the sale of Singapore Power Building to Pacific Star Group by the Investment Properties team, the Singapore Office Services team was awarded the leasing assignments for the building, now re-named 111 Somerset.

LEasinG & PROPERTY ManaGEMEnT aT 78 shEnTOn WaYThe team has also been appointed to market 350,000 sq. ft. of

space at 78 Shenton Way. This comprises about 275,000 sq. ft. in an existing 34-storey office tower and a further 75,000 sq. ft. that is being built in an extension that will be spread

across six levels of offices above a carpark podium.

nORThTECh in WOODLanDs inDusTRiaL PaRK The Singapore Office Services team has been appointed to market North Tech, a distinctive four-storey building located in the heart of Woodlands Regional Centre.

This hi-tech industrial building with a modern façade has a net lettable area of about 392,400 sq. ft., ideal for companies that are looking to integrate high-tech manufacturing, research and development and office activities in a single location. The building is close to three MRT stations Woodlands, Admiralty and Sembawang.

LEasinG & PROPERTY ManaGEMEnT aT 8 shEnTOn WaYFollowing the Investment Properties team’s successful handling of the sale of Temasek Tower, the team was appointed to provide office, retail leasing and property management services for the newly named 8 Shenton Way. The 52-storey office tower houses key tenants including financial institutions and MNCs,

government institutions and service companies.

north Tech

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marina Bay Financial Centre

111 somerset

78 shenton Way

8 shenton Way

11ResIDenTIAL PROJeCT mARKeTInG

REsiDEnTiaL PROJECT MaRKETinGThe Singapore Residential Project Marketing team has been appointed to market the various prestigious residential developments in the first half of 2008.

Residences at emerald Hills

Dakota Residences

nassiM PaRK REsiDEnCEsLocated in Singapore’s most desirable neighbourhood between Singapore’s shopping district along Orchard Road and the Singapore Botanic Gardens. It is a freehold condominium project of 100 units of four-bedroom apartments and penthouses. Apartments range between 3,175 sq. ft. and 7,901 sq. ft. Penthouses range between 6,803 sq. ft. and 8,008 sq. ft. in size.

ThE RiTz-CaRLTOn REsiDEnCEsLocated at the highly-coveted Cairnhill area, The Ritz-Carlton Residences is the first full strata-titled luxury residential project launched in Asia, as well as the first residential property to be equipped with the legendary amenities and service excellence of The Ritz-Carlton Hotel Company, L.L.C. Developed by Hayden Properties, the 36-storey Ritz-Carlton Residences sits on almost 60,000 sq. ft. of land, with three sky terraces housing extensive fitness, entertainment and service facilities for residents. The sky terrace offers a coffee-shop, library, wine cellar, as well as an open kitchen and entertainment area, which will be solely managed by The Ritz-Carlton.

REsiDEnCEs aT EMERaLD hiLLsNestled in the highly-coveted Emerald Hill residential enclave, this luxurious apartment block of approximately 26,915 sq. ft. of prime District 9 is within close proximity to the Orchard Shopping Belt, the CBD, and expressways. It is also near reputable schools, premier clubs and golf courses.The development boasts 39 luxurious apartments units and four exclusive strata-landed terrace houses, decked out in finishes of the finest quality. The two penthouse units are the crown of the development – two storeys each with the master bedroom in the attic.

The Ritz-Carlton Residences

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DaKOTa REsiDEnCEsLocated at Dakota Crescent, Dakota Residences sits on approximately 124,877 sq. ft. of riverfront land. The condominium development comprises five blocks of 18-storey residential buildings with 348 units. Estimated to be completed by July 2011, Dakota Residences is strategically situated near Singapore Sports Hub, Suntec City, Parkway Parade, and Leisure Park. Several schools like Kong Hwa School, Chng Cheng High Secondary School, and School of the Arts, Singapore, are also within close proximity.

nassim Park Residences

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RETaiL sERViCEs

E!huB@DOWnTOWn EasT is 100 PER CEnT LEasEDThe Singapore Retail Services team has successfully leased the entire 200,000 sq. ft. of space at the E!hub@Downtown East.This round-the-clock entertainment hub complements the existing Downtown East with a variety of entertainment and lifestyle offerings such as a playground for children on level three, a huge playground for youth and adults on levels four and five; with cyber gaming at ZoneX on level three and karaoke K-box on level five. E!hub@Downtown East also houses a 25-metre high Ferris Wheel, Cathay Cineplex’s six-screen movie theatre, and a 32-lane bowling alley. NTUC Fairprice supermarket also has a major presence there, along with F&B favourites.

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The team was also instrumental in securing the lease for supperclub at Odeon Tower. A global dining brand from Amsterdam officially opens its doors in July 2008, right in the heart of the civic and cultural centre, next to the iconic Raffles Hotel and Raffles City. Visitors from across the world are expected to come to Singapore and experience the multi-sensory mix of excellent food, music, performance and art that happen simultaneously at supperclub.

FRiVEn & CO. REVaMPs OLD TanGLin POsT OFFiCE inTO a nEW LiFEsTYLE CEnTREThe team successfully secured Friven & Co.’s take-up of its latest lifestyle mall at the old Tanglin Post Office – the Friven & Co. @ Tanglin. Spanning 18,000 sq. ft., this retail hub is slated to become the new complete lifestyle mall boasting the largest Friven & Co. store worldwide along with other lifestyle.

e!hub@Downtown east

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Friven & Co.

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OFFiCE sERViCEsThe Beijing Office Services team have been appointed as sole marketing agents for the following:

LanDLORD aGEnCY

China OVERsEas GROuPAppointed by China Overseas Group as sole marketing agent for its China Overseas Plaza, a Grade-A office building with a gross floor area of 968,400 sq. ft. It is located at the CBD of Beijing, and is next door to the China World Trade Centre.

China Overseas Plaza

CBRE REsiDEnTiaL - CORPORaTE LEasinG

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Client Area (sq. ft.) Transaction Nature Building

Boeing 50,000 Lease renewal Pacific Century Place

Fuji – Xerox 40,000 New letting Shi Mao Mansion

Macquarie Bank 26,000 Lease renewal & expansion Beijing Oriental Plaza

APBC 18,000 New letting Ping An IFC

Business Objects 15,000 Lease renewal NCI Tower

HP 15,000 Lease expansion (Ph2) Ocean International Building

HP 15,000 Lease expansion (Ph3) Ocean International Building

HP 7,500 New letting Tsinghua Science Park

Millward Brown ACSR 12,000 New letting Xihuan Plaza

Temasek 6,200 New letting Winland International Building

Amdocs 4,500 New letting Union Plaza

Baring Private Equity 4,000 New letting China Central Place

AIA 4,500 New letting Hanwei Plaza

EDS 3,500 New letting NCI Tower

Blue Coat 2,500 New letting CBD International Mansion

GNS China 2,500 New letting China World Trade Centre

Client Area (sq. ft.) Transaction Nature Building

Agilent 7,000 New Letting Central Park, Embassy House

DCCL 97,320 New Letting Riviera, Park Avenue, Yosemite

Ericsson 26,780 New Letting Lane Bridge, Legend Garden

IBM 29,400 New Letting Palm Springs, Star River

Lenovo 8,700 New Letting Global Trade

Volvo 30,760 New Letting East Lake, Rits Garden

TEnanT REPREsEnTaTiOn

GOOGLEAs sole marketing agent for the potential consolidation of their 100,000 sq. ft. office portfolio.

The Beijing Offices Services Tenant Representation team completed the following leases:

14 COnsULTInG | InDUsTRIAL & LOGIsTICs

inDusTRiaL anD LOGisTiCs sERViCEs

sChnEiDER LOGisTiCsThe Beijing Industrial & Logistics Services team assisted Schneider Logistics to provide a solution to the urgent requirements for warehouse space located in the Beijing Economic-Technological Development Area. In addition to achieving a 30 per cent cost reduction, the team also provided Schneider Logistics with the opportunity to expand to 161,459 sq. ft.

sCiEnTiFiC GaMEs The team also provided assistance to Scientific Games in their search for workshop facilities to house their printing press. The team secure a space of 116,590 sq. ft. in Beijing Airport Logistics Park.

TREasuRY hOLDinGs BEiJinG LOGisTiCs PaRKThe team have been appointed sole marketing agent by Treasury Holdings Beijing Logistics Park to market a warehouse and office facility measuring a total gross floor area of 839,585 sq. ft. The development is scheduled for completion in June 2009.

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G CBRE COnsuLTinGThe Beijing Consulting team was appointed to conduct the following studies:

MiYun – TOWnshiP DEVELOPMEnT Appointed by Miyun Government to conduct a feasibility study on a site in Miyun, Beijing’s biggest drinking water resource. Located within the Miyun Development Zone with a land area of approximately 190 hectares, it is surrounded with manufactures and planned call centers lots. The team developed a clear and thorough understanding of the industry and property market trends. In addition, the team will also assist the Government / industrial authority in reviewing the industrial strategy and land development.

DEVELOPMEnT COnsuLTanCY –XuanXi PROJECTThe team was also appointed by Beijing Xuanxu Government to provide a feasibility study for a site located in the west of Xuanwu Men Wai Avenue. Located within the earliest urban boundary of Beijing, the area has been designated as part of the Historic City District and Historic Cultural Heritage District. The challenge was to integrate future development whilst preserving several heritage sites as well as justifying the high development cost that would be associated wit the project. The team recommendation was for the site to be developed into a high end mixed-use development.

Treasury Holdings Beijing Logistics Park

15AsseT | vALUATIOn & ADvIsORy | CHInA CORPORATe DesK

VaLuaTiOn OF a PORTFOLiO in haRBin, haiKOu anD GuanGDOnG PROVinCEAppointed by a Harbin based Real Estate Developer to prepare a portfolio valuation for private equity funding purpose in February 2008. The property portfolio consists of 6 development properties located in Harbin, Haikou and Guangdong Province. The portfolio comprises development sites, residential and commercial developments. The total gross floor area and land area of the property portfolio are about 37.6 million sq. ft. and 28.3 million sq. ft. respectively.

zhOnGGuanCun MiXED usE DEVELOPMEnTAppointed by a Prague based Real Estate Investor to provide valuation and advisory service for financing purpose. The property is for a mixed use development comprising hotel, service apartment, retail and office components in Zhongguancun West Area. The property occupies a parcel of land featuring a site area of about 290,600 sq. ft. and a gross floor area of about 2 million sq. ft.

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GassET sERViCEsThe Beijing Asset Services team secured the following property management assignements:

JuRan BuiLDinGAppointed as on-site consultant for Juran Building. Developed by Beijing Junranzijia Investment Group Holding Company Ltd, the building is located in the east section of Yonghe Park on the 2nd Ring Road. It has a total area of 645,835 sq. ft. comprising 17 floors and three basement levels.

uLO PaRKThe team has also been appointed as on-site consultant for ULO Park, the first entertainment shopping mall in Wangjing area. Developed by China Metallurgical Establishment Company Limited it is located on Guangshun South Street it has a total area of approximately 2.37 million sq. ft. The development will offer SOHO units as well as retail.

Property in Zhongguancun West Area

Development property in Harbin

China CORPORaTE DEsK

GLOBaL sTRaTEGiC PaRTnERshiPCB Richard Ellis, Greater China was recently appointed by Tiens – a multi-national group specialising in retail, tourism, finance, international trade and e-business as the preferred global real estate services provider in relation to its properties and subsidiary organizations. CBRE entered into a Global Strategic Partnership Agreement with Tiens. A NASDAQ listed company since 2003, they entered the international market in 1998. The team will be responsible for providing global services in the areas of office leasing, land investment asset disposition as well as other related real estate services.

VaLuaTiOn & aDVisORY sERViCEsThe Beijing Valuation & Advisory Services team was appointed

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OFFiCE sERViCEs

WhEELOCK sQuaREThe Shanghai Office Services team has been appointed on behalf of Wharf Estates China Limited as Joint Sole Leasing Agents for Wheelock Square. Prominently located on Nanjing Road in the heart of Puxi, Wheelock Square will provide approximately 1.15 million sq. ft. of premium office accommodation. The building enjoys breathtaking views of both Puxi and Pudong. The building is sheduled for completion in June 2009.

CBRE shanGhai aPPOinTED TO MaRKET hEnDERsOn LanD’s TWO PRiME PROJECTsThe Shanghai Office Services team has been appointed by Henderson Land as the Joint Sole Leasing Agents for their two prime Puxi sites. Both located on Nanjing Road, the projects will contribute a combined total of over 1,011,800 sq. ft. of Grade A office accommodation.

155 Nanjing Road, located in Huangpu District, is one of only two Grade A buildings to come on-line in Puxi in 2009. The 387,500 sq. ft. office component sits atop a 6-level retail podium providing breathtaking views of the Bund.

Due to begin construction late this year, 688 Nanjing Road in Jingan District, is scheduled for completion in Q1 of 2011. The building has an office GFA of over 700,000 sq. ft. and has been designed to cater to financial institutions boasting one of Shanghai’s largest floor plates at over 36,200 sq. ft. gross.

OFFICe

Wheelock square

688 nanjing Road 155 nanjing Road

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Client Area (sq. ft.) Transaction Nature Building

Agilent Technologies 50,000 New letting Zhangjiang Microport Hub

ThermoFisher Scientific 19,248 Renewal & expansion Long Life Mansion

Lombard Risk International 17,289 New letting Hai Tong Securities Tower

Dutch Consulate 14,495 New letting Dawning Center

BEA Systems 12,511 Renewal Shanghai Times Square

Cardinal Health Trading 12,153 Renewal & expansion Hua Run Times Square

Fountain Vest 8,960 New letting K. Wah Centre

Eli Lilly 8,300 New letting 866 Halei Road

Daiichi-Sankyo Pharmaceuticals 12,000 New letting Jin Ling Hai Xin Building

Walt Disney ELL 7,000 New letting 165 Maoming Road (S)

De Beers Group 6,388 New letting Park Place

Greenburg Training 6,084 New letting Shanghai Central Plaza

Barclays Capital Asia 5,822 Renewal Azia Center

Maxell Shanghai Trading 5,181 New letting Plaza 336

Samsung Engineering 5,064 New letting One Lujiazui

Horton International 5,047 New letting K. Wah Centre

Davis Wright Tremaine LLP 4,942 Renewal & expansion Shanghai Centre

K&L Gates 3,798 New Set up Park Place

TEnanT REPREsEnTaTiOnThe Shanghai Office Services Tenant Representation team completed numerous transactions including the following:

17AsseT | ResIDenTIAL | InDUsTRIAL & LOGIsTICs

CBRE REsiDEnTiaL

asCOTT shanGhai PuDOnG The Shanghai Residential Project Marketing Services team has been appointed as Marketing Consultant and Exclusive Sales Agent for Ascott Shanghai Pudong Serviced Apartment. It features unique small sized and fully furnished units with club facilities, with premier location of the center of little Lujiazui, Shanghai. The to ta l g ro s s floor area is about 354,574 sq. ft.

assET sERViCEs - nEW aPPOinTMEnTsThe Shanghai Asset Services team has clinched the following ten management projects measuring a total of approximately 8.9 million sq. ft.:

Building Type of Property Location Size (sq. ft.)

Dow Center R&D centre Shanghai Zhangjiang Hi-Tech Park 1 million

Guang Dong Development Bank Office, retail & 555 Xu Jia Hui Road 551,000 Building serviced apartment

Coastal Greenland at SuZhou Office, retail & 1296 Gan Jiang West Road, Suzhou 1.3 million serviced apartment

Hong Dou International Plaza Office, retail & hotel Zhong Shan Road, Wuxi 1.5 million at Wuxi

Cross Region Times Office project 1777 Zhong Shan North Road 355,000

Amenity Garden Residential project 200 Linyi North Road, Pudong 921,000

Richemont-Twins Villa Commercial and 796 Huai Hai Middle Road 56,466 Residential project

LvDi Yang Pu-Chuang Hui Office project 233 Guo Ding East Road 965,600 International

New Hua Lian Building Office & retail project 755 Huai Hai Road 555,000

Lin Hang Jing An Yi Ting Residential project Lane 435 Hai Fang Road 1.7 million

inDusTRiaL & LOGisTiCs sERViCEs

huGE LOGisTiCs ‘BuiLD TO suiT’ The Shanghai Industrial & Logistics Services team assisted Sinotrans, one of China’s largest Logistics companies, to lease a total of 1.3 million sq. ft. of warehouse space in the district of Fegnxian. Developed by a JV company including Goodman Int., the space will be developed into six freestanding mega buildings over the next 12 months. The transaction will allow Sinotrans to consolidate a number of existing operations thereby creating significant savings and efficiencies. A further highlight to this transaction is that CBRE sold the property to Goodman International in 2007.

PuDOnG aiRPORT PROJECTThe team also assisted Goodman International Group in purchasing a site adjoining the Pudong International Airport. The site measures approximately 1.9 million sq. ft. and is located next to the third cargo run way of Pudong international airport. The estimated total investment is about US$146.5 million.

sinotrans Logistics Park

Ascott shanghai Pudong serviced Apartment

Dow Center new Hua Lian BuildingGuang Dong Development Bank Building

Hong Dou International Plaza

Amenity Garden

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OFFiCE sERViCEs - suCCEssFuL DEaLsThe Guangzhou Office Services team concluded a number of major leasing transactions on behalf of several large tenants:

Client Area (sq. ft.) Transaction Nature Building

China Merchants Bank 26,600 Relocation R&F Center

Standard Chartered Bank 20,152 Relocation International Finance Plaza

BEA System 8,600 Renewal CITIC Plaza

Inteches 8,500 Relocation R&F Center

Chinese Mercantile Bank 6,600 New letting R&F Center

Sun Life Everbright Life Insurance 6,300 New letting R&F Center

Guangdong Jiadefeng Investment 6,600 New letting R&F Center

Jumbo Bridge Investments 3,700 New letting R&F Center

UBT 6,800 New letting R&F Center

AT&T 2,700 Renewal CITIC Plaza

Eastman 1,280 New letting Skyfame

Hong Kong Exchanges&Clearing 1,280 New letting Skyfame Beijing Representative

GiE TOWER Guangzhou International Electronics Tower - A grade A Office tower on Guangzhou Huanshi Road East . The total gross floor area of the scheme is 570,280 sq. ft. The building has also earned the award of “Excellence Managed Building” in Guangzhou.

assET sERViCEs - nEW aPPOinTMEnTsThe Guangzhou Asset Services team chalked up a total of 4.3 million sq. ft. of managed area.

Xian LiE nan BusinEss MansiOnA luxury services apartment located on Guangzhou Xian Lie Nan Road. The development has a total gross floor area of 229,855 sq. ft.

ViLi inTERnaTiOnaL BusinEss aPaRTMEnT Located on Guangzhou Tian He Road North. The development has a total gross floor area of 817,760 sq. ft.

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vILI International Business Apartment

Xian Lie nan Business mansion

19AsseT | ReTAIL

Client Area (sq. ft.) Transaction Nature Building

Ferrari 8,492 New letting New World Plaza

Honeymoon Dessert 1,506 New letting May Flower Plaza

Fairwood 6,458 New letting Chong Hing Square

Nike 4,585 New Letting Ming Sing Plaza

sEasOns MaLL Developed by GT Landmark Group, the mall is located at the axis of Pearl River New City. The gross floor area of the whole project is up to 9.9 million sq. ft., and the team has been appointed to market the retail potion measuring approximately 1.8 million sq. ft. The development comprises of a shopping centre, an ecological office building, and a luxury hotel and has been built to resemble a luxurious deluxe liner.

RETaiL sERViCEs - nEW aPPOinTMEnTsThe Guangzhou Retail Services team was appointed as sole leasing agents for the following projects:

sTaRLiGhT REnDEzVOusThe first and the only shopping center in Guangzhou Huadu district. This development has a total gross retail area of 530,000 sq. ft.

The team also completed the following leases:

The remaining three projects include:

• HanLinYaYuan,aluxuryresidentialproperty,locatedon Chang Ping Dongguan. The development has a total gross area of 533,696 sq. ft.

• CentralMansionHaiDeBao,a luxury residentialproperty located on Liao Bu, Dongguan. The development has a total gross area of 1.29 million sq. ft.

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Central mansion Hai De Bao

seasons mall

starlight Rendezvous

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ChOnGQinG GOLDEn PORT inTERnaTiOnaL shOPPinG CEnTERThe team also completed its first retail consultancy appointment in Chongqing, taking the lead in formulating the best retail positioning, trade and tenant mix, and retail layout for the 538,000 sq. ft. The Golden Port International Shopping Center will be a major business and shopping hub connecting to the Chongqing International & Domestic Airport.

RETaiL sERViCEsThe Chengdu Retail Services team bagged the following appointments and deals:

TishMan sPEYER – DOnG Da aVEnuE RETaiL CEnTREThe team clinched the sole marketing instructions to market the retail centre measuring 485,898 sq. ft for Tishman Speyer’s first mixed use development. Located on Dong Da Ave, the development has a gross floor area of 1.8 million sq. ft.

ChunXi ROaD XinJian PLazaThe team brokered the sale of a 1,076 sq. ft. shop house at Chunxi Road to Global East Limited for US$2.14 million.

Golden Port International shopping Center

views Union Intercontinental Plaza

Cannes Riverside Lingfeng

assET sERViCEsThe Chengdu Asset Services team has clinched four consultancy projects for office, residential, hotel and retail projects in Chengdu.

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Building Location Size (sq. ft.)

Views Union Intercontinental Plaza (Office) Next to GTC project and IKEA 602,798

Cannes Riverside (Residential and retail) Huayang District 1.6 million

Lingfeng (Residential) Huayang District 1.3 million

Shangshanqi (Residential) Foot of Qingcheng Mountain 818,084

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CBRE COnsuLTinGThe Chengdu Consulting team to conduct the following feasibility studies:

shenzhen yabao

Jiangbei Town

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Building Location Size (sq. ft.) Proposed Development

Jincheng Art Palace Project East Renmin Road 1.05 million Retail, Grade A office space and a cultural theatre

Shenzhen Yabao Project Shenzhen Longgang District 11.5 million Office, hotel, retail, residential, meeting centre and on Bantian Street other facilities.

Fuqin Project Qingyang Zheng Street 280,000 Hotel development

Yingmenkou Huazhao Chadianzi Road 21.26 million Mid and high-end retail, residential, 4 star hotel, Project prime budget hotel and Grade A and B office space.

Xindong Project Chengdu east new city 10 million Mid and high-end residential, retail, hotel, service apartments, and office space.

Lijiang Project Qingxi Road 3.98 million Prime retail, hotel and high-end residential

Jiangbei Town Project Jiangbei Town CBD 1.07 million Mid and high-end retail and grade A office.

Zhongxin Shudu Weicheng Road 2.87 million Prime retail, prime office, prime hotel as well as Commercial Project serviced apartment.

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OFFiCE sERViCEs

ninGBO TiTan TOWERThe Hangzhou Office and Asset Services teams appointed as marketing, sales and leasing agents, as well as asset consultancy services for Ningbo Titan Tower. A Grade A office located in Ningbo South CBD, Yinzhou District, the office tower will have an approximate area of 669,000 sq. ft. and is scheduled for completion in the second quarter 2010.

Xiasha High Tech economic Development Zoneningbo Titan Tower

RETaiL sERViCEs

WEsTBROOK REsORTThe Hangzhou Retail and Asset Services teams were appointed as commercial planning and pre-management consultants for Westbrook Resort, the project has a total area of about 300,000 sq. ft. and is located in Xixi Wet Land district, Hangzhou.

Xiasha RiVERsiDE RETaiL sTREETThe team was also appointed as Consultants for Xiasha Riverside Retail Street, a commercial street in Xiasha High Tech Economic Development Zone and it has a total gross floor area of 480,000 sq. ft.

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CBRE COnsuLTinG - nEW aPPOinTMEnT

ninGBO CuLTuRE sQuaREThe Hangzhou Consulting team was appointed as development consultant for Ningbo Culture Square to provide market study, feasibility study and positioning strategy. The total gross floor area of the project is nearly 2,420,000 sq. ft and will include retail, hotel and public facilities. The project is located in the centre of Ningbo East New City, a developing area of Ningbo.

YunhE GROuP nO. [2007]84 LanDThe team was also appointed by Yunhe Group conduct a feasibility study for a piece of land in the Jianggan District with total gross floor area at 913,000 sq. ft. and will include retail, residential, hotel and serviced apartment.

VanTOnE GROuP hanGzhOu VanTOnE CEnTERThe team was also appointed by Vantone Group to undertake market research and development consultant for Hangzhou Vantone Center. The project covers a mixed-use land area of approximately 968,000 sq. ft. which includes office space, serviced apartments, commercial space.

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OFFiCE sERViCEs - suCCEssFuL DEaLsThe Shenzhen Office Services team has concluded the following leases:

assET sERViCEsThe Shenzhen Asset Services team were appointed as property managers for the following:

CBRE COnsuLTinG

BEauTY MaLLShandong Luneng Group Corp. has appointed the Shenzhen Consulting team to provide project market consultancy report for Beauty Mall, a total gross floor 148,172 sq. ft. development area of Sanya Bay.

zhOnGshan sChEME (sinO-OCEan)The team was also appointed by Sino-Ocean Land Holdings Limited to provide market analysis and positioning consultancy to the proposed project in Zhongshan, which is located in an emerging business area and adjacent to exhibition centre. The scheme is anticipated that with a total GFA of over 3 million sq.ft. This assignment included the market analysis, baseline overview, case studies, and identification of target markets, market positioning and financial analysis.

Client Area (sq. ft.) Transaction Nature Building

GPCH 2,000 Expansion Di Wang Commercial Centre

Compagnie Financire 6,500 New Letting Kerry Plaza Ph.1.

SONY 15,690 Expansion Kerry Plaza Ph.1.

Target Corp. 52,137 Relocation Kerry Plaza Ph.1.

Canon 8,500 New Letting Hung Cheong Plaza

SHIN SHIN 1,400 Expansion Taiyangdao Building

APL 15,600 Expansion Modern International

RETaiL sERViCEs

BiBaThe Shenzhen Retail Services Team has confirmed a lease

with a fashion brand – Biba, in Diwang Plaza in Luohu District; of which net area covers 958 sq. ft. on 1/F.

zaRaT h e t e a m a l s o concluded a 18,000 sq. f t . space for

renowned Spanish fashion brand – ZARA, in Yitian Holiday Plaza. Located in the Nanshan District, this will be Zara’s flagship store in Shenzhen.

Client Location Area (sq. ft.)

Zhongshan Jun Hao Ming Ju Zhongshan 3.12 million

Lanhai Garden Sanya 26.9 million

Haikou Romantic Gold West Coast of Haikou City 0.3 million

Tangyue Project Economic Corridor Central between 6.8 million Hong Kong, Shenzhen and Dongguan

Beauty mall

Lanhai Garden

Dongguan Tangyue

Haikou Romantic Gold

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assET sERViCEs

GRanD CEnTRaLThe Dalian Asset Services team has been appointed as property managers for Grand Central, a new international business and lifestyle centre. Located on Jin Ma Road, the development has a total gross floor area of 1.18million sq. ft., comprising an international shopping center, Grade A office space and 5-star serviced apartments.

InDUsTRIAL & LOGIsTICs | AsseT | COnsULTInG

Grand Central

shenyang enshi Pharmaceutical Office Building

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CBRE COnsuLTinG

DaLian sOFTWaRE PaRK 20# PLOTThe team was also appointed by Dalian Software Park (DLSP) to conduct a feasibility study for plot No. 20 . Located in the heart of DLSP Phase One, the site has a gross floor area of 1.4million sq. ft. comprising retail space and apartments.

LOTTE shEnYanG MiXED-usE PROJECTAppointed by Lotte Group, the team, jointly with the CBRE Korea conducted a thorough market research of the retail landscape in Shenyang. The team were commissioned to provide a best use strategy for a development with a gross floor area of approximately 14 million sq. ft. The large-scale mixed-use project will comprise shopping mall, department store, hypermarket, hotel, office, apartment, and theme park (Lotte World).

hinEs DaLian REsiDEnTiaL PROJECTAppointed by Hines to provide market research consultancy for the proposed residential project in the Dalian Development Area. The mixed-use project has a gross floor area of approximately over 3 million sq. ft., comprising residential, retail, serviced apartment and hotel.

RiGhTWaY DaLian PROJECTAppointed by Rightway Real Estate Development Co., Ltd., the team conducted a feasibility consultancy for its mixed-use project in Zhonghua Road Commercial Area. The plot has a gross floor area of 856,835 sq. ft. comprising apartment and hotel. CBRE Dalian provided feasibility consultancy, mainly focusing on the market trend, feasibility study, financial analysis and project positioning.

inDusTRiaL & LOGisTiCs sERViCEs

Enshi PhaRMaCEuTiCaL CO.

Appointed as sole marketing agent by RimAisa Capital to sell their 196,581 sq. ft. facility located in Daoyi Economic Development Zone. Formerly occupied by Shenyang Enshi Pharmaceutical Co. which is Shenyang, the property measuring approximately 615,803 sq. ft. comprises several workshops, office buildings and worker dormitories.

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inDusTRiaL & LOGisTiCs sERViCEs

suCCEssFuL saLE DEaL

BEizhaKOu inDusTRiaL PaRKThe Tianjin Industrial & Logistics Services team brokered the sale of Beizhakou Industrial Park to China Fortune Investment Co. Ltd. China Fortune will invest in the Infrastructure for an industrial area which will cover a masterplan area of 3.22 million sq. ft. Phase 1 will commence in the third quarter of 2008. CFI is a Chinese infrastructure company, and the commission is RMB 1 million.

nEW aPPOinTMEnTsThe Tianjin Industrial & Logistic team has been appointed as sole marketing agents for the following :

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Building Location Size (sq. ft.)

Dongli Economic Development Area Dongli District 14,335 million, 78 million already been developed.

Xinzhuang Industrial Area Jinnan District 107 million

Xinda Industrial Park Jinnan District 44 million

Bailitai Industrial Park Jinnan District 64 million

Beizhakou Industrial Park Jinnan District 64 million

TEDA - Micro Electronics Industrial Park Jinnan District 537 million

Beizhakou Industrial Park

Dongli economic Development Area Xinda Industrial Park

TeDA - micro electronics Industrial Park

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assET sERViCEs

CEnTuRY CEnTRaL CiTY – nanChanGThe Wuhan Asset Service team was appointed by Jiangxi Shouming Real Estate Co., Ltd. to manage Century Central City. Located at Nanchang Honggu Beach, the development comprises 13 high-rise residential and commercial buildings and has a total area of 4.5 million sq. ft of total gross floor area.

OFFiCE sERViCEs

CBD PROJECT – WuhanThe Wuhan Office Services and Shanghai Retail Services team were jointly appointed by CBD Construction & Investment Co., Ltd to provide development advice and strategy on the retail positioning for a shopping mall located in Wuhan’s central business district. The development will comprise of Grade A office buildings, five-star hotels and a shopping mall, and will have a total gross floor area of approximately 2 million sq. ft. including 1.2 million sq. ft.

Wuhan’s central business district

nanchang Century Central City

OFFICe | AsseT | COnsULTInG

CBRE COnsuLTinG

ORiEnT LuCKY hORsE CiTYThe Wuhan CBRE Consulting team was appointed by Orient Lucky Horse Group Corporation to render services for a 10 million sq. ft. racecourse project, a first in China. The team was tasked to conduct a market survey of the horse racing industry, retail, residential and hotel within Wuhan.

Orient Lucky Horse City

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inDusTRiaL & LOGisTiCs sERViCEs

sOLE aGEnT - PaRC (QinGDaO) CORPORaTiOnPARC (Qingdao) Corporation appointed CB Richard Ellis as its sole agent to undertake the sale task of PARC plant in Qingdao, China. PARC Corporation has been in the plastic recycling business for more than ten years, who provides outstanding services in plastics industry in U.S. The property is adjacent to the highway from Qingdao to Yantai City, 50 miles from Qingdao Port and 100 miles from Yantai Port. The property currently offers warehouse and production space for LDPE, HDPE pelletizing and PET flake treatment operation. The property will be sold with a leaseback to PARC by way of Expression of Interest.

PARC plant in Qingdao Qin

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28 InvesTmenT | OFFICe | PROJeCT mAnAGemenTTa

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inVEsTMEnT PROPERTiEs

CiTiBanKThe Taipei Investment Properties team has been appointed as sole marketing agents by Citibank Taiwan Ltd as the exclusive agent to dispose a portfolio of 25 owned assets across Taiwan.

OFFiCE sERViCEs - suCCEssFuL DEaLsThe Taipei Office Services team has concluded the following leases:

CBRE PROJECT ManaGEMEnT – nEW aPPOinTMEnTs

The Taipei Project Management team was appointed as the project manager for the following projects:

• Credit Suisse Taipei : Office-fit-out and restacking at Union Enterprise Plaza (21,000 sq.ft.)

• JP Morgan Chase : Re-stacking of its branch office at Cathay Finance Center (12,330 sq. ft.)

• YTC Fund Management : Re-stacking of its branch office at YTC World Trade Center in Taipei Taiwan (8,456 sq. ft.)

• Nokia Siemens Networks : office expansion and fit-out of existing office restacking within its Taipei branch office at CEC Hander Mingshen Building (65,000 sq. ft.)

• Phoenix Technologies : office relocation fit-out from Taipei CBD to Asia Plaza in Neihu Technology Park (28,980 sq. ft.)

Taipei 101 Hong Kuo Building shin Kong manhattan Financial Center

Client Area (sq. ft.) Transaction Nature Building

ALICO 27,076 New Set-up Cathay Tun Nan Commercial Building

AT&T 18,156 Renew Hung Tai Financial Plaza

The Boston Consulting Group 6,624 New Set-up Taipei 101

Boeing 2,708 New Set-up Hong Kuo Building

BlackRock 14,241 Relocation CEC Tun Nan Building

Harley Davidson 24,444 New Set-up Asia Plaza

K & L Gates 14,240 New Set-up CEC Tun Nan Building

KONE Elevators Taiwan 14,062 New Set-up Austria Tech. HQ

Mori Seiki 4,158 New Set-up Cathay Hsiang Yang Building

Phoenix 29,441 Relocation Asia Plaza

Regus 12,424 New Set-up Shin Kong Manhattan Financial Center

29AsseT

assET sERViCEs - nEW aPPOinTMEnTs

asia PLazaThe Taipei Asset Services team has been appointed as property managers to provide project marketing and property management services for Asia Plaza. Located in the Nei-Hu Technology Park, it has a total floor area of the project is approximately 973,000 sq. ft.

hunG Tai CEnTERThe team has also been appointed property manager for Hung Tai Center. An office building, it has a total gross area of 676,000 sq. ft. Located within the core of the Tun Hua and Ming Shen district of Taipei, SungShan Airport is only a 10-minute walk away.

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Hung Tai Center

30 InvesTmenT | OFFICe | COnsULTInG

Kukdong Building

Dae Han Life Insurance seo cho Tower

Prime Center

OFFiCE sERViCEs

PRiME CEnTERThe Korea Office Services team has been appointed as landlord agent for Prime Center in Shindorim, Guro District, a submarket located close to the YBD. The property was completed in 2007 and has a gross floor area of 992,132 sq. ft. over 40 floors and 7 basements, which accommodate both office space and retail surface.

inVEsTMEnT PROPERTiEs

KuKDOnGThe Korea Investment Institutional Properties team has been appointed as the sole marketing advisor of the agent (MREK) for the sale of the office “Kukdong building”.

CBRE provided investment advisory for disposition of an Kukdong building of 810,009 sq. ft. owned by MCO REITs. The subject property is located in CBD, Seoul which is a Grade A Office and has been purchased by MCO REITs 5 years ago.

CBRE advised MREK, as agent of open bidding for disposition of the subject property. The services CBRE provided include conducting market research, estimating the potential transaction price, inserting the bid announcement on a major domestic daily and an English newspaper, introducing potential of the subject property through sending out investment memo and bid guide, Identifying potential purchasers’ interest level and executing the bid.

DaE han LiFE insuRanCE sEO ChO TOWERThe Korea Office Service team advised and negotiated Samsung Electronics, a subsidiary company of Samsung Group in the relocation of its new office. The new office premise comprises of approximately 71,161 sq. ft. and it is located in the Gangnam Business District.

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CBRE COnsuLTinG

China shEnYanG - nORTh sTaTiOn COMPLEX DEVELOPMEnT COnsuLTinG & FEasiBiLiTY sTuDYThe Korea Consulting team was appointed by Lotte to conduct a consulting and feasibility study of a mixed-use development in Shenyang, China. The subject site is located along Golden Corridor between CBD and Central Administration District. According to a copy master plan document issued by the Okuno on September 2007, the total site area of the subject site is approximately 1,937,520 sq. ft. The major uses proposed are office, theme park, 5-Star hotel, serviced apartments, residential, retail, etc. Other uses proposed include a Multiplex Cinema, Maze Park, and a Energy Center.

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seol Logistics

inDusTRiaL & LOGisTiCs

sEYanG LOGisTiCsThe SeYang logistics dispostion was recorded as one of the biggest warehouse transactions during 1Q 2008. This proprety brags a GFA size of over 468,277 sq. ft. It has a total of 3 floors including 1 basement and is located within Dukpyeong IC which is one of the most famous hubs for warehouses due to its great accessibilty to Seoul. The property was able to provide the buyer sercured tenancy with years of master lease guarateed by a renowned domestic retailer.

sEOL LOGisTiCsThe Korea Industrial & Logistics team has participated in successful completion of the disposition of Seol Logistics. The team was appointed as seller-rep for this logistic landmark with approximate GFA size of over 215,280 sq. ft. It located within Yangji IC, the country’s No.1 warehouse hub. It has a direct access to Seoul through Kyungbu Highway and great proximity within a 40-minute drive by vehicle.

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assET sERViCEsThe Korea Asset Services team were appointed as property managers for the following development:

sK M CiTYSK M City in Ilsan, a major satellite city of Seoul, is a mixed-use complex of residential, retail and office. CBRE Korea Asset Services is appointed as the property manager for the 705,634 sq. ft. office area.

aMB inChEOn LOGisTiCs CEnTREAMB Incheon Logistics Centre is a newly built logistics center

completed in January 2008. It is located in the Logistics Complex of Incheon International Airport FTZ

(Free Trade Zone). To meet the demand generated by Incheon International Airport, the world’s 2nd largest airport in terms of air-cargo volume, AMB built a logistics center of 439,321 sq. ft. and appointed CBRE Korea Asset Services as the property manager.

RYanna ViLLaGE OFFiCETELRyanna Village Officetel is one of the outstanding residential projects at Youngdengpo, Seoul which is an exclusive female residence, targeting professional women. The gross floor area is 167,821 sq. ft. and it consists of 222 residential units and 4 retail units. CBRE Korea Asset Services is appointed as the property manager by the owner, Doran Capital.

sK m City

Ryanna village Officetel

AmB Incheon Logistics Centre

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assET sERViCEsThe India Asset Services team was awarded the property management assignments for the following:

ELiTa PROMEnaDEA joint venture project between Keppel Land Limited (Singapore) & Puravankara Projects Ltd (Bangalore). It is the first high-rise condominium in Banaglore to be launched. Located south of Bangalore’s city centre, fronting Puttenahali Lake, the development will spread over 1 million sq. ft. and comprise 1572 two and three bed room units.

KG 360 DEGREEsA premier IT business park.The build up area is approximately 231,000 sq. ft. and is the nearest business park to Chennai’s CBD with easy access to the IT Express Highway.

CaiRn EnERGYOne of the most significant oil and gas exploration and production companies in South Asia awarded the facilities management assignment for their office premises in Gurgaon. Cairn occupies four levels in two properties measuring approximately 110,000 sq. ft. The facility is the corporate headquarter for Cairn in India and houses approximately 600 employees.

GOOGLE The team bagged the Pan India portfolio of Google to provide facilities management services for its state of the art facilities in Hyderabad, Bangalore & Mumbai. The Google offices in India cater to Online Sales and Operations, Software Engineering, Information Systems, Human Resources & Research and Development functions. The total area under management spans 600,000 sq. ft. across seven facilities. In addition to the offices facilities, the team will also be responsible for providing comprehensive guest house management.

MaKER MaXCiTY MuMBaiOne of the landmark projects in the city with approximately 2 million sq. ft. of mix use commercial development. The project is being developed in 2 phases with five office buildings almost ready for occupancy in the first phase and a high end mall and two 5-Star Hotels in the second phase for which construction is yet to commence. The project is well connected to the Domestic & International Airports and also to the suburban areas through rail & road. A Skywalk is being constructed from the suburban railway station, Bandra, which will terminate near the entrance to the Maker Maxcity Complex.

The team has also successfully completed three deals in Maker Maxcity, Bandra Kurla Complex.

• VolkswagenIndia-approximately28,000sq.ft.

• NomuraIndiaAdvisory-approximately19,000sq.ft.

• DaiwaSecuritiesSMBC-approximately15,000sq.ft.

OFFiCE sERViCEs

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Client Area (sq. ft.) Transaction Nature Building

Cisco Systems 240,000 Relocation Vrindavan Tech Village

Hewlett Packard 435,000 New Letting Salarpuria GR Tech Park

Goldman Sachs 45,000 New Letting Embassy Golf Business Park

GE JFWTC 36,000 New Letting RMZ NXT

33TRAnsACTIOn mAnAGemenT | InvesTmenT | OFFICe | PROJeCT mAnAGemenT

ChEnnai

BuiLDinG ELEVaTiOnThe Chennai Transaction team secured a lease for Hewlett Packard as part of HP’s expansion in TCG First Software Park of their existing business in the city. The size of the space is 302,500 sq. ft.

inVEsTMEnT PROPERTiEs inD

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ELECTROniCs REsEaRCh LaBORaTORiEsThe India Investment Properties team has been appointed as sole marketing agents for the disposition of 10.5 acres of land parcel, valued at approximately US$16.25 million, on Old Madras Road (NH-4) in Bangalore.)

naVaYuGa insPiREThe team has also been appointed by Navayuga Legala Estates Pvt. Ltd a subsidiary of Navayuga Engineering Company Limited to market their SEZ Project in Hyderabad. The project is located in close proximity to IT Hub of Hyderabad and has a total area of 3.4 million sq. ft. comprising office,retail, hospitality and residential space.

BOC inDia (LinDE GROuP)BOC, India (part of the Linde Group), a leading supplier of gases and related products over the world commissioned CBRE India, for structuring a disposition transaction for 357,192 sq. ft. of their industrial land at Hyderabad, India. The team brokered the sale of the industrial land to Abacus Pvt. Ltd, a leading real estate developer from Mumbai, India at US$19 million.

PROJECT ManaGEMEnT

hEWLETT PaCKaRDThe Chennai team was recently appointed as the project management consultant for First Software Park. The 300,000 sq. ft. space at Porur, Chennai will primarily be used as a software development unit and accommodate around 3,000 people. The building is scheduled for completion by end 2008.

iCiCi BanK CaMPusThe Mumbai team was appointed as project management consultant for ICICI Bank campus at Gandhinagar. The 3.6 million sq. ft. space is expected to be the biggest office building in Gujarat, India, and the facility will be to house approximately 23,000 people.

hEWLETT PaCKaRDThe Bangalore team was appointed as project management consultant for a fit-out management for a Hewlett Packard facility of 435,000 sq. ft. at GR Tech Park, JR Gardens, Bangalore. The space will be primarily used as a software development and sales office unit for three independent HP entities. The clients are scheduled to occupy the facility by December 2008.

OFFiCE sERViCEs

EsTanzia iT sEzThe Chennai Office Services team was appointed as sole marketing agents for Estancia IT Sez in Chennai. The project is spread across 3 million sq. ft. and will form part of a larger integrated township with 2,000 residential apartments; a 200-room hotel; serviced apartments; a mall and a school.

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CiTRiX R&D inDia PVT. LTDThe Bangalore team was also appointed as project management consultant for a fit-out management for a new R&D center cum office facility of 60,000 sq. ft. at Imperial Complex, Bangalore.

nOMuRa inDia aDVisORYThe Mumbai team was recently appointed as the project management consultant for Interior fit-out management for Nomura India Advisory Services facility of 19,000 sq. ft. at Mumbai. The client is scheduled to occupy the facilities at the end of July 2008.

GEMOLOGiCaL insTiTuTE OF aMERiCaThe Mumbai team was appointed as project management consultant for the development of the proposed Lab facility in Mumbai with a total built-up area of 100,000 sq. ft. This will be only the third lab facility established by GIA across the world.

MaGaRPaTTa CiTY MaLL The Pune team was appointed as the project management consultant for the Interior fit out of serviced apartments spread over 100,000 sq. ft. at Magarpatta City. The assignments also involves base-build for the mall and retail project of 1.5million sq. ft. The retail space will be one of India’s largest shopping center upon completion and Magarpatta City has also become home to one of the largest residential Solar Water-Heating systems in the country.

hEWLETT PaCKaRDThe Bangalore team was also been appointed as the project management consultant for fit-out management for a Hewlett Packard facility of 22,000 sq. ft. at Gurgaon City, Haryana.

RaMKY EnCLaVE CBRE’s Hyderabad office was recently appointed as the project management consultant for the development of Ramky Enclave – an integrated Township project at Warangal. The 32 acre development will consist of bungalows and a Commercial Complex.

FRanKLin TEMPLETOn inVEsTMEnT sERViCEsAfter the successful completion of Phase-I, the Hyderabad team was awarded the project management consultancy for Phase II of the Franklin Templeton campus development at Hyderabad measuring 225,000 sq. ft. The campus will be developed under this phase, and will be the biggest office facility for the financial company in India.

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inVEsTMEnT PROPERTY

PanasOniC ELECTROniCs DEViCEs inDOnEsiaThe Indonesia and Japan Investment Property teams have been appointed by PT. Panasonic Electronics Devices Indonesia to market a piece of property, located at Cibitung, Bekasi, West Java measuring a total area of 8 hectares.

RETaiL sERViCEsThe Indonesia Retail Services team clinched the following sole marketing appointments :

BLiTz MEGaPLEXLocated at Serpong Entertainment Center, Serpong – Banten Province , the team has been appointed to market a retail space for 12-screen Blitz Megaplex which has a total area of 85,680 sq. ft.

CaFé WiEnThe team has also been appointed to market Café Wien in Grand Indonesia. The space measure a total of 5,965 sq. ft.

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KEnzO anD FEnDi hOMEThe team was instrumental in securing a space for the flagship store of Kenzo and Fendi Home measuring 2,688 sq. ft. in Grand Indonesia. Kenzo and Fendi Home specialize in luxurious interior products.

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TEnanT REPREsEnTaTiOnThe Indonesia Office Services team has successfully concluded a renewal lease for Macquarie for 7,729 sq. ft. under PT. Macquarie Securities Indonesia. The property is located in 25th Floor, Tower II, Jakarta Stock Exchange Building.

serpong entertainment Center

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Blitz megaplex

REsEaRCh / COnsuLTinGThe Indonesia Research and Consulting Services team secured the following mandates:

anCOL MaRinE LanD DEVELOPMEnT PROJECTThe team was appointed by PT. Manggala Krida Yudha to conduct a best use study for Ancol Marine City Land Development for a seashore area of 2.17 million sq. ft. The objective of this project is design a Super Block, which is a land clear area with good basic infrastructure and facilities for all type of properties.

WEnanG PROJECTThe team was also appointed by PT. Wenang Permai Sentosa to conduct a feasibility study for a landmark project comprising commercial area, private residences, hotel and convention centre at Wenang – Manado, East Indonesia.

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PEninsuLa OF PunTa FuEGOA beach-front resort in Nasugbu, Batangas comprising145 houses with a total area of 10.05 million sq. ft.

assET sERViCEsThe Philippines Asset Services team has been appointed to manage the following properties:

auCTiOnThe Philippines Auction team has conducted four auctions in 2008. The first was for the SPV-AMC First Sovereign Asset Management in March 2008. The sale of Philippines Veteran’s Bank’s non-performing assets commenced in May, and two joint auctions were undertaken, combining the assets of SVP-AMCs and Banks to a total of 12.3 million sq. ft. of property.

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1322 GOLDEn EMPiRE TOWERLocated on Roxas Boulevard in Manila. The two 57-storey towers are the tallest residential buildings in the country. The development sits on a total area of 36,135 sq. ft. and has a total of 324 suites.

Peninsula of Punta Fuego

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REsiDEnTiaL PROJECTs The Thailand Residential Projects team clinched the following sole marketing appointments:

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ROYCE PRiVaTE REsiDEnCEsMJAI Company Limited (a joint venture between MJD Public Company Limited and AIG Global Real Estate) has appointed the team as sole marketing agents for its first super-luxurious condominium project, the Royce Private Residences. Located on a freehold land site of approximately 1.20 acres on Sukhumvit Road, Sukhumvit Soi 31, the 39-storey and 25-storey buildings, comprises 165 high-quality units. Prices range from US$518,105 to US$2 million, and the penthouse prices start at US$3.14 million. The project is scheduled for completion in the fourth quarter of 2011.

WinD suKhuMViT 23The team has also been appointed by Major Development Public Company Limited as the sole marketing agent for the first “through ventilation” condominium project, Wind Sukhumvit 23. The project is located on a freehold land site of around 32,295 sq. ft. and the 22-storey building comprises 220 units with the “through ventilation” design layout. Prices range from US$158,400 to US$259,596, and the penthouses are priced from US$662,177. The project is scheduled for completion in the fourth quarter of 2008.

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MaRRaKEsh hua hin REsiDEnCEsMajor Development Public Company Limited has appointed the Thailand Residential Project Marketing team as the sole marketing agent for the luxury Moroccan beach-living condominium project, Marrakesh Hua Hin Residences. The project sits on a freehold land of around 3.2 acres and has direct access to the most beautiful beach in Hua Hin. There are a total of 402 units, located in two mid-rise towers of eight storeys + a basement and the six low-rise towers of four storeys. Prices range from US$169,355 to US$1.24 million and the development is scheduled for completion in the fourth quarter of 2010.

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assET sERViCEs - nEW PROPERTY ManaGEMEnT aPPOinTMEnTsThe Thailand Property Management Services team was appointed as property managers for the following urban developments:

ThE inFiniTYA luxurious condominium featuring exclusive five-star facilities located in the heart of Bangkok, on Narathiwas Road in the Sathorn area. Developed by Golden Land Property Development Plc, a public listed property developer, the development is a 35 storey building and houses 123 units.

Tisco Tower Watermark

The Infinity

TisCO TOWERConveniently located on Sathorn Road with easy access to the BTS mass transit system at Sala Daeng station, the 22 storey development has a gross area of approximately 615,000 sq. ft. This building houses the headquarters of TISCO, a leading investment bank in Thailand.

WaTERMaRKAn exclusive six-star condominium, located on the banks of the Chaophaya River, on Charoennakorn Road, the development enjoys easy access to the Saphan Taksin BTS station and is a five minute drive from the central business district. Developed by Major Development Pcl., WaterMark comprises two buildings which houses 490 units.

Client Area (sq. ft.) Transaction Nature Building

Tilleke & Gibbins International Ltd. 90,201 New Letting Supalai Grand Tower

Beiersdorf (Thailand) Co., Ltd. 26,082 Lease Renewal Sathorn Thani

AIG Card Thailand 24,156 New Letting White Group Tower I

ABN Amro Bank N.A. 19,884 Lease Renewal Bangkok City Tower

Hanesbrands (Thailand) Ltd. 14,127 New Letting Exchange Tower

JICA 14,127 New Letting Exchange Tower

ARS Chemical (Thailand) Co., Ltd. 8,117 New Letting Bangkok Insurance

OFFiCE sERViCEs - MaJOR TRansaCTiOnsThe Thailand Office Services team concluded major leasing transactions in the first half of 2008:

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ThE MOnTGOMERiE LinKs EsTaTECBRE was exclusively appointed as joint marketing agents for the exclusive luxury golf villa project known as The Montgomerie Links Estate. Total expected sales value will approximate US$54 million. Total site area is 70 hectares and the developer one of the best in Vietnam. The villas will comprise 3 types ranging in sizes from 2,956 sq. ft. to 4,246 sq. ft.

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PaRKsOn’s EXPansiOn inTO ThE nORTh ViETnaMCB Richard Ellis Vietnam leases 4,046,000 sq. ft. to Parkson group. Parkson, one of Asia Pacific’s leading department store chains, has now entered the retail markets in both Hai Phong and Hanoi as a result of this work. In two separate transactions CBRE working on behalf of Parkson secured a lease for 258,000 sq. ft. of retail space at TD Plaza in Haiphong for Parkson. The second transaction put Parkson into Hanoi, as CBRE secured 118,000 sq. ft. of retail space at the 323,000 sq. ft. mixed-use Viet Tower development in Hanoi.

The completion of the transactions at both TD Plaza and Viet Tower represent the continued successful relationship between Parkson and CBRE’s Vietnam office. CBRE is currently exploring additional locations for the retailer as it seeks to continue its expansion throughout Vietnam.

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ROYaL CEnTRE : a CiTY WiThin ThE CiTYCBRE was appointed exclusive leasing agent and retail consultant for Royal Centre, a mixed use development located in the CDB of HCMC.

The project will combine two Office Towers & one Shopping Center. A Shopping Center of 4 floors with a GFA of 127,710 sq. ft., will open in Q3 2008. The two Office Towers will each have 10 floors of office space (levels 5 – 14) for a total GFA of 177,805 sq. ft. (opening in June 2008 est).

A 5-Star Hotel will open in 2010, including 24 floors and a GFA of 387,000 sq. ft.

Eventually, 4 Residential Towers comprising 645,000 sq. ft. making up 624 units will be completed by 2012.

The montgomerie Links estate

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aMERiCan EXPREss MERGER & aCQuisiTiOn (M&a) aDVisORY sERViCE/DuE DiLiGEnCE, sinGaPOREThe Singapore Transaction Management team was appointed by American Express to conduct M&A real estate advisory / due diligence of the sale of American Express Bank to Standard Chartered. The exercise comprised a portfolio of approximately 100 leases across Asia Pacific, EMEA and the Americas with a diversity of leased and owned office, retail, ATM and small number of residential properties.

hP EXPanDs in ManiLa, PhiLiPPinEsAs part of its Global Delivery Centre growth in Asia, Hewlett Packard pre-committed to 122,878 sq. ft. of office space in McKinley Hill Cyberpark, Taguig. This location was chosen after and exhaustive search within Metro Manila and is a registered economic zone, ideal for call center or BPO users. The building is unique with large floor plates allowing tenants to occupy 32,292 sq. ft. over one floor.

Hewlett Packard is a long standing Global Corporate Services client managed from Hong Kong.

CBRE aCQuiREs OVER 6 hECTaREs OF LanD in ViETnaM On BEhaLF OF TYCO ELECTROniCsThe Hong Kong GCS and the Vietnam Industrial & Logistic teams brokered the successful purchase of land in excess of 6 hectares in the Que Vo Industrial Park in Bac Ninh Province near Hanoi for in excess of US$ 2m. Que Vo Industrial Park is one of the leading Government owned Industrial Park in the North of Vietnam. Tyco Electronics will build a manufacturing facility on the land with the intention to commence operations in 2009. According to newspaper reports, Tyco Electronics will invest US$ 35m in the plant and will employ more than 2,000 workers.

CBRE COMPLETEs aCQuisiTiOn anD saLE OF KEY inDusTRiaL siTEs On BEhaLF OF aVERY DEnnisOn in MELBOuRnE, ausTRaLiaThe Hong Kong GCS team working in collaboration with Melbourne GCS and Industrial & Logistics teams recently completed the leasing of an industrial facility 80,000 sq. ft. for Avery Dennison and the sale of its existing facility 103,000 sq. ft. in Melbourne, Australia. Avery Dennison’s existing premises was sold to a private buyer for in excess of US$ 3m. Occupation of Avery Dennison’s new leased facility is expected in the fourth quarter of 2008 following a substantial refit; the property is leased from Stockland, a major industrial landlord in the State of Victoria. Avery Dennison melbourne - facility sold August 2008

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PROJECT ManaGEMEnTThe South Asia Project Management team secured the following assignments:

In Malaysia:• 67,000sq.ft.assignmentinKualaLumpurforIperintis• two40,000sq.ft.assignmentsforShell • AssistingHP with a Fire Audit Survey of their existing facility

In the Philippines:• 320,000sq.ft.assignmentforShell• 90,000sq.ft.assignmentforWachovia Bank

In Vietnam:• 16,000sq.ft.assignmentforANZ Bank

The team in Singapore continues to expand its base and has secured a number of assignments for companies including EDS, Boston Consulting Group, Prudential and McGraw Hill.

FaCiLiTiEs ManaGEMEnTIn July 2008 State Street Corporation awarded a first generation outsourcing contract to the Asia Pacific Facilities Management team for facilities management services throughout the Asia Pacific region. The portfolio comprises approximately 420,000 sq. ft. spanning seven countries with locations in Hong Kong, China, Taiwan, Korea, Australia, India and Singapore with a high emphasis on critical environments as well as service delivery and customer satisfaction. A unique characteristic of this new appointment in Asia Pacific was proficiency in transitioning documentation, procedures and technology.

In March 2008, the team was awarded through competitive tender the Global Facilities Management appointment spanning over 100 countries covering approximately 18 million sq. ft. In Asia Pacific the portfolio covers approximately 3.7 million sq. ft. across 16 countries and 251 individual locations including Hong Kong, Malaysia, Indonesia, Philippines, Korea, Japan, India, China, Australia, New Zealand, Taiwan, Singapore, Vietnam, Thailand, Cambodia and Bangladesh.

The portfolio in Asia Pacific comprises of large manufacturing facilities, R&D centres and office accommodation where the team will provide full management services including maintenance, housekeeping, food service, and general support. Given the complexity of locations and in line with the clients business requirements it was agreed to transition the portfolio in a number of phases with approximately two million sq. ft. in China going live from June 2008.

The overall approach and solution with the Nokia Siemens Networks portfolio was to evaluate and recommend the most appropriate employer for over 100 managerial and task level operators on the account whilst looking at opportunities for saving initiatives through CBRE existing buying power and expert network including Critical Environments, Sourcing, Energy and HSSE (Health, Safety, Security and Environment).

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The fifth Asia Circle of excellence Awards was held in Osaka, Japan at the peak of the cherry blossom season. There were a total of 68 winners, and top honours went to:

CBRE Wins asiaCRE aWaRD as “COnsuLTanT & LETTinG aGEnT OF ThE YEaR” CBRE was recently recognized as the “Consultant & Letting Agent of the Year 2007” at the Asia Pacific Real Estate Awards, in recognition of the ongoing contribution made by the company to the real estate industry in Asia Pacific. The award ceremony was organized and presented by AsiaCRE.com, a leading commercial real estate media firm, during a gala event recently held in Shanghai, China. “We are very pleased to have won this award for two consecutive years. This recognition reflects the confidence that our clients have in CB Richard Ellis, and it demonstrates that we are making good progress as we seek to enhance levels of professionalism and excellence across the company,” said Chris Brooke, President & CEO, CBRE in Greater China. Chris Brooke (right) at the APRe Awards Ceremony

sPECiaL aChiEVEMEnT aWaRDPauline Goh - Singapore

Jeremy Lake - Singapore

Reid Mackay - Japan

Yu Kam Hung - Hong Kong

FiRsT YEaR OF EXCELLEnCEShiina Hitoshi - Japan

ROOKiE OF ThE YEaRJustin Kim - Korea

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CBRE OPEns iTs REsiDEnTiaL assOCiaTEs OFFiCE aT BuKiT MERahCBRE Singapore set up a branch office of its Residential Agency in Tower 3, 168 Jalan Bukit Merah in February. The 180-strong team of agents will support the current Residential Project Marketing team to better serve CBRE clients.

CBRE PLEDGEs TO hELP DOWn sYnDROME assOCiaTiOnCBRE Singapore has committed to help raise funds for educational programmes that will help children with Down Syndrome learn essential life skills and improve their overall visual and motor skills development.

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OPEninG OF nihOnBashi BRanCh in DOWnTOWn TOKYOOn March 1st, CB Richard Ellis Japan opened a new branch just a few minutes walk from Tokyo Station. Seated in the heart of Japan’s prime financial and commercial business district, the Nihonbashi branch boasts prominent neighbours such as the Tokyo Stock Exchange, the Bank of Japan, HSBC and Merrill Lynch.

EsTaBLishMEnT OF ThE “JaPan DEsK” in hOnG KOnGIn May, CB Richard Ellis established a Japan Desk in Hong Kong and is headed by Hiroyuki Matsumaru.The focus of the desk is to provide comprehensive corporate real estate services to Japanese companies operating abroad. Viewing issues from the Japanese

client’s perspective allows Japan Desk staff to provide creative real estate solutions custom tailored to the needs of its clients. In addition to Hong Kong, CB Richard Ellis maintains a “Japan” desk at five office locations in three countries - Los Angeles and New Jersey in the U.S., Beijing and Shanghai in China, and Bangkok, Thailand.

DR. RaYMOnD TORTO’s VisiT TO JaPanCB Richard Ellis Global Chief Economist Dr. Raymond Torto visited Japan from May 28-30th. While in country, Dr. Torto gave presentations to 80

members of the American Chamber of Commerce in Japan (ACCJ), and an audience of over 250 real estate professionals attending the IDSS Real Estate Seminar 2008. Dr. Torto’s whirlwind tour included three media interviews – a live television interview that ran on Bloomberg Asia-Pacific, an interview with a senior editorial writer from Nikkei and an interview with the Japan real estate beat reporter at Bloomberg – as well as several high-impact meetings with the local research team at Ikoma Data Service System.

CBRe opens its Residential Associates office at Bukit merah

The nihonhashi branch

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iKOMa DaTa sERViCE sYsTEM naME ChanGECB Richard Ell is, Japan also announced a change in the name of Ikoma Data Service System to “CB Richard Ellis Sogo Kenkyusho K.K. – rendered “CB Richard Ellis Research Institute K.K.” in English, abbreviated “CBRE Soken” and this will be effective on October 1, 2008. IDSS has earned high praise from clients and the broader market over the last 20 years by producing statistics and market reports as well as providing high-caliber research and consulting services.

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A donation ceremony held in CBRe Beijing Office

GREaTER China

LEnD YOuR hELPinG hanD anD shaRE YOuR LOVEA severe earthquake measuring 8.0 on the Richter Scale hit Sichuan Province, China, on 12 May 2008,with thousands of tremors subsequently felt or recorded. In response to the disaster, CBRE Greater China launched donation campaigns to assist with earthquake relief efforts in China. CBRE raised a total of HK$432,005.66 within a few days including corporate as well as employees donations.The funding has been dispatched to Operation Blessing, CBRE’s philanthropic partner in Greater China, to assist with relief activities. Currently, the funding has been deployed to help Yuejin Village in County An, Mianyang City to build basic infrastructure including temporary shelters, bath and shower facilities, as well as clean water.

The initial phase of reconstruction in the Yuejin Village has been completed, and life was going back to normal for the local villagers. The efforts were highly appreciated by the villagers and local government.

mireille Wan, mD of Chengdu Office, joined with local employees of CBRe Chengdu Office, visited yuejin village on 17th June 2008

Chris Brooke, President & CeO of GC, visited yuejin village on 30th July 2008

CB RiChaRD ELLis JOins FORCEs WiTh VanKE TO EnhanCE MaRKET LEaDERshiP in ChinaCB Richard Ellis Group, Inc. and Vanke, China’s largest residential developer entered into a joint venture on property management services. The partnership leverages leading-edge capabilities of both parties. In addition, it creates a new model in China’s real estate industry to further boost the growth of the overall property market in China. A signing ceremony was held in Shenzhen on 23 June 2008.Under the terms of the agreement, the joint venture will be jointly managed by representatives from both companies. The venture will be headquartered in Shanghai and will provide property management services to high end residential properties developed by Vanke and its subsidiaries and affiliates. These properties will include a wide range of projects including single family houses, town houses, serviced apartments and luxury apartments. The venture is expected to be operational by 1 October 2008. signing ceremony held at vanke’s headquarters in shenzhen

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CB RiChaRD ELLis OPEns nEW OFFiCE in shEnYanG TO FuRThER EnhanCE CaPaBiLiTiEs in GREaTER China CB Richard Ellis opened a new office in Shenyang on 26 June 2008. This new office represents the 15th full-service office operated by CB Richard Ellis in Greater China and forms part of the strategic expansion of the company in both the fast-growing Northern China region as well as in Greater China as a whole. The opening of this additional office in Shenyang will also allow CB Richard Ellis to better serve the real estate needs of both domestic and international developers, investors and occupiers in China going forward. Shenyang office will provide a full portfolio of real estate services covering the office, retail, residential, hotel, industrial and logistics sectors, including research, consulting, valuation, leasing, sales and management.

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CBRE ChaRiTY GOLF DaYCBRE Hong Kong joined hands with UNICEF and organised CBRE Charity Golf Day on 18 April 2008 to raise funds for a child vaccination programme. The aim was to ensure that children in the most remote regions of China had access to being vaccinated against preventable diseases. Over 25 clients sponsored individual holes, including Eastern Gotech (HK) Ltd., Fuji Xerox (Hong Kong) Limited, Henderson Land Group, JSM, Sun Hung Kai Financial and Sun Hung Kai Properties Limited (ICC). Approximately US$40,000 was raised from the event.

2008 China PROPERTY inVEsTMEnT sEMinaR The Hong Kong Investment & Project Marketing team organised a China Property Investment Seminar 2008 on 1 March at JW Marriott, Hong Kong. A number of China experts shared their views on prospective investments in first- and second-tier cities, including Beijing, Shanghai, Tianjin, Hangzhou, Chengdu, Guangzhou and Shenzhen. CLSA China Property Research, PricewaterhouseCoopers PRC Tax & Business Advisory Services all contributed to make the event a successful one by drawing a full house of over 400 attendees.

shenyang office opening ceremony

CBRE shanGhai aPPOinTs MaRK LaThaM as ManaGinG DiRECTORM a r k L a t h a m h a s been appointed as the Managing Director of CB Richard Ellis in Shanghai with effect from 1 January 2008. Armed with 16 years of experience in real estate, of which six years has been in Asia, having also worked in Korea, Thailand and Vietnam he is a member of the Royal Institution of Chartered Surveyors. Mark started his career in South Africa before relocating to Asia in 2002. In his role as Managing Director, Mark will ensure that his team meets the specific needs of clients and can provide the highest quality of real estate services in Shanghai. He will also lead the continued expansion of the business in Shanghai, such that CBRE continues to deliver world-class real estate standards and maintains a “best in class” status during this dynamic period of growth in China.

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CBRE PhiLiPPinEs JOins GiLas DaiLYCBRE Philippines joined the country’s most influential corporations, including Apple, Microsoft, IBM, Intel, and Globe, in the mission to connect 6,350 public high schools in the Philippines to the Internet. Over 400 CBRE Philippines employees joined the GILAS (Gearing up Internet Literacy and Access for Students) Daily campaign on 29 May 2008. The donation of one peso (2 U.S. cents) per day for one year through GILAS will provide a rural high school with Internet connectivity and education for one year.

TOuR OF ThE FiREFLiEsCBRE Philippines employees cycled for clean air at the 10th Tour of the Fireflies on 20 April 2008. The 50-kilometer annual bicycle ride through seven cities in metro Manila drew over 6,000 participants this year, effectively drawing attention to increasing public support for alternative means of transportation that are environment-friendly, cheap, and healthy.

CBRE TaiPEi hOLDs OuTinGs FOR TCWC ChiLDREnFollowing CBRE Greater China’s launch of the philanthropic programme in 2007, CBRE Taipei adopted the Taipei Children Welfare Centre (TCWC) as the designated charity. The Centre is an non-profit organization that houses orphans and the children from broken families. The one-year programme included the quarterly birthday celeration or/and outdoors activities with the CBRE Taipei staffs’ involvement. On January 5th 2008, we held a BBQ birthday

party celebration for the children at the Yangming Mountain range, a famous sightseeing spot in Taipei city. In addition, employees from CBRE Taipei office went cycling with TCWC children and enjoyed a birthday picnic by the Jinmei riverbank on April 19th, 2008.

excursion to yangming mountain, 5 January 2008.

The CBRe team

Over 400 CBRe Philippines employees joined the GILAs Daily

Biking by Jinmei Riverbank, 19 April 2008.

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LuXuRY PROPERTY shOWCasEOn 8–18 May 2008, the Bangkok Residential Project Marketing team represents seven luxury residential projects at the Siam Paragon Luxury Property Showcase. Typical units were high-end, with sales prices of US$292–380 per sq. ft. Buyers were divided into Thai-end users and foreigners based in or visiting Thailand. The team managed to sell condominium units worth a total of US$20.5 million in locations including Bangkok and resort destinations such as Pattaya.

CBRE ThaiLanD LOOKs ahEaD TO 3RD DECaDE OF BusinEss in ThaiLanDOn 9 June 2008, CBRE Thailand marked its 20th anniversary in Thailand. When CBRE Thailand started its operations in 1988 it was the first international property consultant to operate in Thailand. It has since grown to four offices - Bangkok, Phuket, Koh Samui, and Pattaya – and boast of over 700 employees. Its core businesses are agency services and project marketing, and the company specializes in advising on projects including high-end residential, office, retail, industrial, investment and resort properties.These marketing services are complemented by professional services including research & consulting, valuation, and property management. CBRE Thailand is also the largest provider of advisory services to office and industrial property occupiers in Thailand. In 2007, over 1,600 transactions, worth over US$597 million, were concluded by the company.

HoNG KoNG34/F Central Plaza18 Harbour Road, WanchaiHong KongT: (852) 2820 2800F: (852) 2810 0830

Suite 2109-12, 21/F, Sun Life TowerThe Gateway, 15 Canton RoadTsimshatsui, Kowloon, Hong KongT: (852) 2820 8100F: (852) 2521 9517

BEIJING11/F, Tower 2, Prosper Center5 Guanghua Road, Chaoyang DistrictBeijing 100020People’s Republic of ChinaT: (86) 10 8588 0888F: (86) 10 8588 0899

SHANGHAISuite 3201, 3203-3206, K. Wah Center1010 Huai Hai Middle Road Shanghai 200031People’s Republic of ChinaT: (86) 21 2401 1200F: (86) 21 5403 7519

Suite 1004, 10/F, Azia Center1233 Lu Jia Zui Ring RoadShanghai 200120People’s Republic of ChinaT: (86) 21 2401 1200F: (86) 21 5047 1171

GuANGZHouSuite 1401-1402, GuangzhouInternational Electronics Tower403 Huan Shi East RoadGuangzhou 510095People’s Republic of ChinaT: (86) 20 2883 9200F: (86) 20 2883 9248

SHENZHENSuite 2404-05, Excellence Times Square Building, Yitian Road, Futian DistrictShenzhen 518048People’s Republic of ChinaT: (86) 755 3395 3700F: (86) 755 2399 5370

HANGZHouSuite 1201, 12/F, North TowerAnno Domini Plaza, 8 Qiu Shi RoadHangzhou 310013People’s Republic of ChinaT: (86) 571 2880 6818F: (86) 571 2880 8018

CHENGDuSuite 704A-706, Office Tower at Shangri-La Centre Chengdu, Block B9 Bin Jiang East RoadChengdu 610021People’s Republic of ChinaT: (86) 28 8447 0022F: (86) 28 8447 3311

TIANJINSuite 903, Tower A, The Exchange189 Nan Jing Road, Heping DistrictTianjin 300051People’s Republic of ChinaT: (86) 22 8319 2178F: (86) 22 8319 2180

DALIAN Suite 2104, 21/FTian An International Tower88 Zhong Shan Road, Zhongshan District Dalian 116001People’s Republic of ChinaT: (86) 411 3980 5855F: (86) 411 3980 5866

QINGDAoSuite 401-404, Crowne Plaza 76 Hong Kong Middle RoadShinan District, Qingdao 266071People’s Republic of ChinaT: (86) 532 8077 7286F: (86) 532 8077 7267

WuHAN Suite 3915, 39/F, Wuhan New World International Trade Centre, Tower 1568 Jian She Avenue, Wuhan 430022People’s Republic of ChinaT: (86) 27 8555 8277F: (86) 27 6885 0506

SHENYANGSuite 2102-2103North International Media Centre167 Qingnian Street, Shenhe DistrictShenyang 110014People’s Republic of ChinaT: (86) 24 2318 2688F: (86) 24 2318 2689

TAIPEI13F/A, Hung Tai Center170 Tun Hua North Road Taipei 105, TaiwanT: (886) 2 2713 2266F: (886) 2 2712 3065

SINGAPorE6 Battery Road #32-01Singapore 049909T: (65) 6224 8181F: (65) 6225 1987

ToKYo, JAPAN5/F JEI Hamamatsucho Building2-2-12 Hamamatsucho, Minato-kuTokyo 105-0013, Japan T: (81) 3 5470 8711F: (81) 3 5470 8715

1/F JEI Hamamatsucho Building2-2-12 Hamamatsucho, Minato-kuTokyo 105-0013, Japan T: (81) 3 5470 8800F: (81) 3 5470 8801

*19 offices throughout Japan

SEouL, KorEA12/F SC First Bank Building100 Gongpyeong-dong, Jongno-guSeoul, Korea 110-702T: (82) 2 2170 5800F: (82) 2 2170 5899

PHNoM PENH, CAMBoDIAColonial Mansion Serviced ApartmentA-One Building, 1A Street 102Phnom Penh, CambodiaT: (855) 23 990 240

NEW DELHI, INDIAG/F P.T.I Building4 Parliament StreetNew Delhi 110 001, IndiaT: (91) 11 4239 0200 F: (91) 11 2331 7670

MuMBAI, INDIA#5, 3/F Tower C, Laxmi TowersG-block, Bandra Kurla ComplexBandra (E), Mumbai 400 051, India T: (91) 22 4069 0100 F: (91) 22 2652 7655

BANGALorE, INDIAHulkul Brigade CentreG/F, No. 82 Lavelle RoadBangalore 560 001, IndiaT: (91) 80 4074 0000F: (91) 80 4112 1239

CHENNAI (MADrAS), INDIA2H, 2/F Gee Gee Emerald 2C & 2D 151 Village Road, NungambakkamChennai 600 034, IndiaT: (91) 44 2821 4599/4571F: (91) 44 2821 4607

HYDErABAD, INDIA211, Maximus 2B, Mindspace CyberabadSurvey No: 64 (Part)APIIC Software Layout, MadhapurHyderabad 500 081, IndiaT: (91) 40 4033 5000F: (91) 40 4033 5050

PuNE, INDIA705-706, 7/F NucleusChurch RoadPune 411 001, IndiaT: (91) 20 2605 5437/5367F: (91) 20 2605 5405

KoLKATA, INDIA4/F, S B Towers37 Shakespears SaraniKolkata 700 016, IndiaT: (91) 33 4008 4811-13F: (91) 33 4008 4814

JAKArTA, INDoNESIA7/F Permata Bank Tower IJalan Jenderal Sudirman Kav. 27 Jakarta 12920, Indonesia T: (62) 21 523 7337F: (62) 21 523 7227

MANILA, PHILIPPINESSuite 1002-1005, 10/FAyala Tower One & Exchange Plaza Ayala Avenue, Makati CityMetro Manila 1226, PhilippinesT: (63) 2 752 2580F: (63) 2 752 2571

10/F, National Life BuildingAyala Avenue, Makati CityPhilippinesT: (63) 2 893 9325 / 2 894 5120

CEBu, PHILIPPINES3/F, i2 BuildingAsiatown I.T. Park, LahugCebu City, Philippines 6000T: (63) 2 238 4211

BANGKoK, THAILAND46/F, CRC Tower, All Seasons Place 87/2 Wireless Road, Lumpini PathumwanBangkok 10330, ThailandT: (66) 2 654 1111F: (66) 2 685 3300-1

PHuKET, THAILAND12/9 Moo 4, Thepkrasattri RoadKohkaew, MuangPhuket 83000, ThailandT: (66) 76 239 967F: (66) 76 239 970

SAMuI, THAILAND3/6 Moo 1, Baan Bophut - Plailaem RoadBophut, Koh SamuiSurat Thani 84320, ThailandT: (66) 77 430 737F: (66) 77 430 740

PATTAYA, THAILAND306/96-97 Moo12, Thappraya RoadNongprue, BanglamungChonburi 20150, ThailandT: (66) 38 364 969F: (66) 38 364 963

Ho CHI MINH CITY, VIETNAM Suite 1301, Me Linh Point Tower 2 Ngo Duc Ke Street, District 1Ho Chi Minh City, Vietnam T: (84) 8 824 6125F: (84) 8 823 8418

HANoI, VIETNAMFloor 12A, Vincom City Tower B191 Ba Trieu Street, Hanoi, VietnamT: (84) 4 220 0220F: (84) 4 220 0210

DANANG, VIETNAM6/F, Indochina Riverside Towers74 Bach Dang Street, Danang, VietnamT: (84) 511 322 2111F: (84) 511 322 2100

asia OFFiCEs

The information in the newsletter is subject to change and cannot form part of an offer or contract. Every reasonable care has been taken in providing this information and the developers/owners of the projects. CB Richard Ellis cannot be held responsible for any inaccuracies. The information and photographs in this newsletter cannot be reproduced in other publication without the persmission of CB Richard Ellis.