JLL has announced the promotion of Luke Billiau to the position of head of capital markets for Australia and New Zealand. Billiau has been with JLL since 2007, and has held the roles of senior director of the Queensland capital markets team, head of NSW capital markets, and head of office investments for Australia.
Stuart Crow, CEO of Capital Markets, Asia Pacific at JLL, spoke highly of Billiau in a press release, stating “Luke’s broad experience across various asset classes and states, diverse client relationships and proven track record of leadership and execution give us tremendous confidence in the future success of our Australian capital markets business.”
Billiau now leads a team of over 140 professionals, and is responsible for overseeing JLL’s capital markets platform in Australia. The position encompasses a variety of asset classes, and includes managing clients in a diverse range of state locations.
This news comes amid reports of Singapore’s success at attracting world’s wealthiest to its shores. The country has been ranked third, after the United Arab Emirates and Australia, at bringing in the wealthiest individuals, according to a recent report. Additionally, Avani and The Work Project have opened their first locations in Australia.
With Luke Billiau leading JLL’s capital markets platform in Australia, the company is confident of continued success in the region.…
Estimated reading time: 1 minute
SC Capital Partners and THi have collaborated on multiple projects in China and have been actively seeking to expand their presence in the Asia Pacific.
SC Capital Partners, a private equity real estate firm based in Singapore, has teamed up with Shanghai-based industrial and logistics developer THi Holding Management Corp. to acquire a rectangular plot of land measuring more than 50,000 sq m (538,196 sq ft) in China’s Suzhou Industrial Park.
The partners intend to develop the project into a Grade-A industrial facility targeting high-end manufacturers, with the completed facility offering up over 103,000 sq m (1.1 million sq ft) in net lettable area. Solar panels will additionally be installed on the rooftops. An interesting development comes in the form of Zero Point, an electric vehicle battery pack company, being secured as the anchor tenant of the facility.
This marks SC Capital Partners’ second investment in Suzhou Industrial Park, a manufacturing and logistics hub. Suchad Chiaranussati, chairman and founder of SC Capital Partners, remarked that this transaction strengthens the collaboration between SC and THi, as they look to capture growth opportunities in the industrial and logistics sector of the Yangtze River Delta.
Sarah Hu, director and general manager of THi Management, commented on the mutual benefits of partnering up with a strategic player like SC Capital Partners. Hu said that working with such a partner is essential for executing investment strategies successfully.
This project is also an excellent addition to SC Capital Partners’ opportunistic fund series, which invests in the developed markets of the Asia Pacific. SC Capital and THI remain active in expanding their presence in the Asia Pacific and have already collaborated on multiple projects in China.
Hu further noted that demand for regional industrial and logistics assets is expected to remain resilient. According to Hu, this presents a great opportunity for the partners to capitalize on.…
Estimated reading time: 2 minutes