Corporate Real Estate Experts Gather in Beijing for the Fourth Annual CoreNet Global Asia Summit

Corporate Real Estate Experts Gather in Beijing for the Fourth Annual CoreNet Global Asia Summit

March 29, 2006

Real Estate Specialists Convene to Discuss the Global Economic Landscape and Key Factors Affecting Commercial Realty Across the Region

    HONG KONG, March 29 /Xinhua-PRNewswire/ -- More than
250 international real estate professionals are in Beijing
this week for the fourth annual CoreNet Global Asia Summit,
a forum for commercial realty practitioners to discuss
issues impacting the commercial property sector, including
strategies for improving competitiveness, adapting to
change and embracing new technologies.

    Themed 'Convergence 2006: Risk, Reward and Real Estate
in Asia', the Summit commenced today with a keynote address
from CoreNet Global Chairman Mr. Jeffrey L. Elie in which he
voiced optimism over emerging market opportunities and the
growth of the corporate real estate industry in China.

    Mr. Elie told visitors that one of CoreNet Global's key
objectives for 2006 and 2007 was to focus on the growth in
Asia, starting with the Mainland.  Said Mr. Elie,
"Your country is building a world-class infrastructure
and we are building one too.  Smart buildings offer a good
example.  China has the vision to integrate technology into
its new facilities to make them more efficient, safer and
profitable, and CoreNet Global members are among those
helping to do that."

    Mr. Elie noted that a further trend influencing the
direction of corporate real estate and workplace management
was the growth in the number of professionals working in the
industry in Asia, particularly in China.  "The
management styles and models that many companies are
adopting here, including workplace management and portfolio
optimization, are making corporate real estate an integral
part of their operations.

    "At CoreNet Global, our recognition of the
potential of China to become a corporate real estate centre
means that we are increasing our commitment to knowledge
sharing, research, professional development and networking
here.  CoreNet Global's Master of Corporate Real Estate, or
MCR professional designation, is an example of our growing
commitment to delivering quality services and programmes in
China as corporate real estate continues to evolve in
practice."

    CoreNet Global established its Asia Summit programme
four years ago in response to growing interest in real
estate issues amongst business leaders.  With real estate
issues becoming increasingly strategic to the mission of
any business (representing the second largest expenditure
on the balance sheet after salaries) corporations from
around the world are seeking a deeper understanding of
realty practices that can help them stay competitive. 

    According to Mr. Mike Zamora, Asia Chair for CoreNet
Global, this year's Summit will provide delegates with a
platform to learn from their peers the changes currently
affecting the real estate industry and how to take
advantage of future opportunities.

    Mr. Zamora commented, "The corporate real estate
profession has come along way in recent years and we have
witnessed many changes.  The summit programme over the next
few days is therefore about understanding these changes and
taking advantage of them.

    "At present, we are witnessing an escalation of
convergence of businesses, service providers, locations and
public institutions from a corporate real estate
perspective," Mr. Zamora continued.  "With the
blending of old and new so many dynamic new economies are
thus now leapfrogging more developed economies in other
parts of the world." 

    The CoreNet Global 2006 Asia Summit is being held at
the Grand Hyatt Beijing from March 28-30, 2008.  For more
information, please contact Ms. Jennifer Gao on (8621) 6122
1251 or via email at [e-mail] .

    About CoreNet Global

    CoreNet Global is the world's premier association for
corporate real estate and related professionals. 
Headquartered in Atlanta, USA, the global learning
organization is the industry thought and opinion leader,
plus the only professional real estate group that convenes
the entire industry.

    Today, CoreNet Global's members manage US $1.2 trillion
in worldwide corporate assets totaling 700 billion square
feet of owned and leased office, industrial and other
space.  With 7,500 members representing large organizations
around the world, CoreNet Global operates in five global
regions: Asia/Japan, Australia, Europe, Latin American and
North America including Canada.
 
    For more information, please visit the CoreNet Global
website at http://www.corenetglobal.org .

    For more information, please contact:

    RFP						
     Janet Middlemiss	
     Tel:   [phone]	
     Fax:   [phone]
     Email: [e-mail]  

    CoreNet Global			
     Jennifer Gao		
     Tel:   [phone]	
     Fax:   [phone]
     Email: [e-mail]

SOURCE  CoreNet Global