9 July 2013, Hong Kong – The recent announcement by the Qianhai Authority in Shenzhen in regard to the auction of almost 14 million sq. ft. GFA of commercial space this summer, comparative in size to the existing Grade A office market in Central, is a significant first step in a scheme that could help alleviate the severe shortage of office space in Hong Kong.
Neither CBRE nor its affiliated companies make any warranties or claims on the implied accuracy of the information contained herein.
About CBRE Group, Inc.
CBRE 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 and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.