2007'02.01.Thu
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 jgao@corenetglobal.org . 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: +852-2857-3832 / +852-9195-7829 Fax: +852-2840-1284 Email: jm@rfpmagazine.com CoreNet Global Jennifer Gao Tel: +86-21-6122-1251 Fax: +86-21-6122-1481 Email: jgao@corenetglobal.org SOURCE CoreNet Global
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