Hong Kong, 25 April 2013 - CBRE, the world’s leading commercial real estate services firm, has further boosted its Global Capital Markets group with a key appointment to provide specialised support to Asian capital sources seeking cross-border investment opportunities.
Marc Giuffrida will join CBRE as Executive Director and will be based in Singapore from 13 May. Marc will build and lead a team across Asia to further strengthen CBRE’s global capability, which comprises an integrated network of 34,000 professionals in more than 300 offices worldwide.
Marc will report to Greg Penn, Head of Capital Markets Asia, and Chris Ludeman, President of Global Capital Markets, and will serve as a member of CBRE’s Global Capital Markets Executive Committee.
Chris Ludeman commented:
“Given the continuous growth of Asian capital looking to invest in global property markets such as the US, Europe and Australia, it is essential that our clients get access to the market knowledge and creative solutions required to uncover value and drive returns from large and often complex deals.
“As part of our Global Capital Markets group, Marc will help facilitate a match between the capital appetite in Asia with strategic off-shore investment opportunities in key gateway cities. With our extensive network across geographies, CBRE can help clients select and transact assets that will achieve their investment objectives and deliver the required performance.”
Marc brings more than 15 years of real estate experience in advising on cross-border investment and joint ventures, as well as structuring sale and leasebacks. Most recently, he worked as Managing Director of Capital Transactions Asia at Knight Frank and sat on their Global Capital Markets Executive. There, he played a leading role in a team that concluded more than USD$3.5bn in cross-border investment deals. He also directly helped expand that business into Japan. He has worked in a variety of sales and management roles with leading international real estate firms and Sydney-based companies.
Rob Blain, Chairman and CEO of CBRE Asia Pacific, said:
“Marc’s appointment is a testament to our commitment to our capital markets clients and supporting the ongoing growth of investment flow from Asia. We are confident Marc will make a significant contribution to the competitiveness and service scope of our Global Capital Markets team, supporting continued expansion and growth on a regional and global basis.”
CBRE Senior Managing Director, International Investments, Rick Butler said Mr Giuffrida had started his property career in Australia and had been in situ in Asia for over four years.
“Marc has been very successful in what we refer to as ‘two-way traffic’, channeling capital into and out of the region,” Mr Butler said.
“Given the volume of Asian capital targeting the Australian market – and given Marc’s reputation and market knowledge of both the Australian and Asian markets – this is a key appointment for CBRE and will continue to enhance our service offering for clients.”
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