JLL was awarded ‘Cross-border Investment Deal of the Year’ at the inaugural AsiaProperty Awards this year.
In August 2013, JLL negotiated a capital markets transaction for the sale of the Grand Park Orchard Hotel together with its Knightsbridge Retail Podium, which significantly surpassed all price per key and price per square foot benchmarks in Singapore.
Describing it as one of the largest single asset transactions in Singapore, Regional Director of JLL Singapore Capital Market Anthony Barr said, “Despite the large transaction size and complex nature of this transaction we were able to engage a broad investor base, as evidenced by a sale to an entity making its first asset purchase in Singapore.”
JLL’s Asia Pacific capital markets team comprises 300 people working in 80 offices across the region.
The inaugural AsiaProperty Awards was held in Hong Kong on 25 September, and aims to recognise excellence and innovation in cross border real estate investment in the Asia Pacific region.
Muneerah Bee, Senior Journalist at PropertyGuru, wrote this story. To contact her about this or other stories email muneerah@propertyguru.com.sg
