Global property consultant Jones Lang LaSalle has restructured its Asia Pacific operations as property owners and users increasingly expand their activities into more than one country.
With effect from January 1, the company will integrate its services according to client type - property owners, occupiers and investors - instead of geographically - Hong Kong, Singapore or Australia.
This means that, for example, Singapore's shopping-mall management team must eventually report to Samuel Whiffin who is managing director of Jones Lang LaSalle Hong Kong and will oversee the firm's Asia Pacific Investor Services Division.
Apart from this division, the firm would also have a Corporate Solutions Division to serve property occupiers; and a Capital Markets Division to serve large investors with financial, valuation and research services, he said.
Head of Corporate Services Phil Simpson is based in Singapore and head of Capital Markets Craig Williams in Sydney.
Mr Whiffin said Hong Kong, Singapore and Australia were still equal in importance, despite a Singapore-based Asia Pacific chief executive, Chris Brown, who would head the three places together. He said the restructuring was a response to client needs.
