Global real estate services firm Jones Lang LaSalle (JLL) has appointed Martin Hinge as Managing Director for Project and Development Services (PDS) business in Asia Pacific.
Mr. Hinge has worked in JLL’s Australia, Greater China, India, Philippines and Singapore offices for 10 years. He succeeded Albert Ovidi, who assumed the role of Chief Operating Officer, Asia Pacific, earlier this year.
“Our diverse client base of occupiers and investors reaching across all Asian markets provides us with a strong platform to continue to grow our PDS business across new sectors, services and geographies across the region,” said Mr. Hinge.
According to JLL’s recent Global Corporate Real Estate Survey 2011, 60 percent of companies expect to expand their real estate businesses in North Asia, primarily China.
“Development activity, which slowed during the Global Financial Crisis, has now picked up in Asia, with an additional 40 percent supply coming on the market this year alone, compared to 2010.”
“We expect this to translate into increased demand for project management services in the region,” Mr. Hinge added.
Meanwhile, Mr. Ovidi, as COO, will work closely with JLL’s Asia Pacific CEO Alastair Hughes to execute the company’s growth strategies and provide strategic leadership to both the PDS and Property and Asset Management (PAM) businesses.
“Martin’s elevation to the MD position for PDS is testament to his contributions to the business and the firm. Based on the recovery in capital spending across Asia Pacific and the strong economic outlook, we have an aggressive growth plan in place for PDS in 2011,” said Mr. Ovidi.
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