Shanghai Putuo District Government joined forces with a world leading property services provider yesterday to establish a strategic partnership as part of its efforts to accelerate real estate development in the district.
Under an agreement signed yesterday between the district government and Colliers International, the property developer will serve as an international strategic consultant for the local government and offer all-round property solutions which will include comprehensive development planning, real estate promotions for overseas investors and tenants and professional property management services.
The strategic partnership, probably the first of its kind in the city between a district government and an international property consultancy firm, could be a win-win deal.
"With a successful track record and nearly 20 years' operating experience in the Chinese market, Colliers is expected to help attract more international investors and multinational cooperations to either invest or build their centers here in the district," said Lu Nanting, director of Putuo Investment Service Office. "Moreover, we believe Colliers' extensive network and resources around the globe may also be of great help."
Colliers, which entered the China market early in 1989 and now manages properties in more than 60 cities across the nation, sees Putuo as the most promising district for new CBDs to emerge, aside from the traditional zones.