In 2006 China jumped up the world economic league table to become the world’s fifth largest economy. Together with Japan, the Chinese economy is the major engine for growth in the region. The growth provides tremendous long term opportunities for luxury residential and retail markets.
Our first office in Asia was established in Hong Kong in 1994 and in 2005, we opened our office in Shanghai, as part of our strategy to grow business on the Mainland. Currently, we have our second residential development under construction in Hong Kong and we completed our first acquisition in Shanghai in 2006.