Cbre Appoints Hugh Macdonald Head Capital Advisors Apac

CBRE has recently named Hugh Macdonald as the new head of capital advisors for Asia Pacific (Apac). Bringing with him more than twenty years of valuable experience in the banking industry, Macdonald specializes in investment banking, particularly in the real estate, gaming, leisure, and lodging sectors. He has most recently served as the head of investment banking coverage and advisory for Australia and New Zealand at Deutsche Bank.Through his extensive expertise and outstanding performance in the industry, Macdonald has been appointed by CBRE to lead its capital advisors team in the Apac region. In his new role, he will report to Leo van den Thillart, CBRE’s global head of investment banking, and Greg Hyland, head of capital markets in Apac. Macdonald will begin his duties in Sydney and will eventually relocate to Singapore in the first quarter of 2021.

A new partnership has been announced by CDL in a joint statement, with the company retaining 50% of the shares and sharing the remaining 50% with Frasers Property and Sekisui House, each owning 25%. The news has sparked excitement among property buyers, who have successfully secured the bid for the highly coveted District 12 location. They are eager to collaborate with Frasers Property and Sekisui House for the first time in this venture. The partnership aims to leverage their combined expertise in creating a remarkable project in the desirable Toa Payoh district.

According to Leonard Tay, Knight Frank Singapore’s Head of Research and an industry expert, the competition for this location was fierce, with developers displaying a strong interest in acquiring prime locations, despite the lower turnout compared to previous GLS tenders in 2022. The Orie Price, an important factor in this exciting collaboration, will also play a significant role in the project’s success. The Orie Price can be found at http://www.the-ories.sg/.