(SINGAPORE) CB Richard Ellis yesterday said it will open an office in Phnom Penh, Cambodia, as part of a larger plan to expand its footprint in South-east Asia.
The Cambodian office will capitalise on growing demand for professional real estate services from international and local entities. It will provide a range of services including market research, valuation, investment sales, consulting, agency and leasing and property management.
CBRE said it aims to provide a competitive edge for clients in Cambodia's fast-changing real estate market through a differentiated services portfolio and to establish itself as a key player in the market.
CBRE already has offices in Singapore, Indonesia, the Philippines, Thailand and Vietnam.
The Phnom Penh office will be headed by Daniel Parkes. Before relocating to Phnom Penh, he was based in the UK, where he worked at a real estate firm in the south-east of England. He is experienced in property marketing, valuation and consultancy across residential and commercial sectors.
'With the establishment of the Phnom Penh office, CBRE will be able to develop local market intelligence into measurable results for clients,' said Marc Townsend, managing director of CB Richard Ellis Vietnam.
Previously, work relating to Cambodia was handled out of the Vietnam office, which will support the new team in Phnom Penh.
Source: Business Times, 8 Oct 2009
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