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13 February 2012

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CBRE sets up EMEA China desk as banks dip toes into Europe

Chinese banks and state-owned concerns are increasingly testing the waters outside their home country, setting up representative offices in cities such as London and New York and potentially targeting European real estate, says the head of CB Richard Ellis's new China desk for EMEA. Bryn Davies told PFE that these developments are likely just the start of Chinese activities in the region. "London is probably a bridgehead. One of the banks is looking at Spanish and German market opportunities as a broad-brush exploration phase, for example," Davies said. "The UK is unlikely to be viewed in isolation, rather as part of a much bigger market."

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