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The organisation has announced an internal cross-border promotion that will strengthen its presence in the region.
Mark Hansen has been appointed as its international director for capital markets/investment sales, which will see him take his 15 years of experience in the Australian capital market sector to Singapore.
Mr Hansen’s decade-and-a-half tenure in the industry has seen him involved in and co-broker some of the Pacific’s largest office assets, in domestic locations such as Sydney, Melbourne, Brisbane, Perth and Canberra right across the Tasman to Auckland and Wellington.
He believes that demand for commercial real estate in Australia attracts such high demand from foreign investment due to the country’s stable political environment, strong economic fundamentals and AAA credit rating.
Additionally, he stated that the appeal for property Down Under also lies in “its potential for strong rental growth and capital appreciation”.
“The country’s diverse economy provides a buffer against global economic uncertainty.
“Outside of being a strong performing market, the transparency, ease of doing business and similar time zone makes doing business in the Pacific very straight forward from Singapore,” he said.
Mr Hansen recently brokered a deal that saw Singaporean investment firm HThree’s acquisition of an 18-storey building in Melbourne’s heart, which collected a sale price of $236 million.
Cushman & Wakefield’s managing director, Australia and New Zealand, Simon Fenn said of the move: “A lot of global players continue to set up Asia Pacific Headquarters, deploying capital via Singapore in search of Australian commercial assets, and Mark will be a valued asset on the ground with his strong network and expertise in this sector.”
The shifting of Mr Hansen into his new role is the latest in a line of recent changes within the business, which included the recent appointment of a new Victorian director — Marcus Tanti.
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