Studley has opened its first office in China, at Central Plaza, 381 Huaihai Mid Road in Shanghai, the company announced Wednesday.
The new office, Studley president Michael Colacino said in a statement, “will serve as a gateway for businesses in Asia looking to open offices and make investments in the United States and for Studley clients interested in expanding into China.”
The New York City–based tenant-rep specialist stated that the Shanghai office is the first of several it will open across Asia in the near future. Studley already does business in Singapore and Korea, Colacino told Commercial Property Executive.
The Shanghai office will be headed by Yin Li (pictured at left), managing director, head of China operations and Greater China chief representative. In addition to overseeing day-to-day operations of the new office and heading what the company describes as “an ambitious recruiting effort,” she will oversee Studley’s expansion into other major Asian cities.
Yin splits her time between Shanghai and New York City, and before joining Studley, she spent the majority of her career with AIG and Zurich Financial Services, where she worked on strategic planning for multinational corporations.
She earned a B.S. from Shanghai Normal University and an M.B.A. in finance from Long Island University.
There are currently two major types of opportunities in China, Colacino told CPE. “First, American and EU companies opening there and wishing to have ‘Western style’ tenant rep services (without conflict and with transparent processes). Second, real estate investment banking services to assist Chinese (and Asian) capital to find safe harbors in U.S. real estate assets in certain markets, for example, Los Angeles, San Francisco, Boston and especially New York.”
Link to Article