Thu, Aug 11, 2005 - Page 10 News List

Taipei 101 gets new lead agent

PROPERTY LEASING CB Richard Ellis Ltd will take over the top role from Jones Lang LaSalle, which will continue as a general agent for the landmark

By Jessie Ho  /  STAFF REPORTER

The Taipei Financial Center Corp (TFCC, 台北金融大樓公司), owner of Taipei 101, announced yesterday that CB Richard Ellis Ltd (CBRE) will be its lead agent for leasing office space in the world's tallest skyscraper after its contract with Jones Lang LaSalle International Property Consultants ends today.

"Like Jones Lang LaSalle, CBRE is a well-known international property agent that will help us to reach more customers and increase publicity worldwide," Cathy Yang (楊文琪), assistant TFCC vice president, told reporters yesterday.

Jones Lang LaSalle had laid a good foundation for marketing Taipei 101 over the past three years and brought in most of the tenants, Yang said. She said the broker will continue to be one of Taipei 101's agents.

Hong Van (雲惟鴻), managing director of CBRE's Taiwan branch office, said the company will make use of its resources and networks in Hong Kong, New York, Los Angeles, London, Tokyo and other cities to attract multinational companies to set up regional or branch offices in Taipei 101.

"The most important thing is to bring the information to the world ? Taipei 101 absolutely has competitive conditions in terms of image, price and quality to attract world-class customers," Van said.

Van said his company is targeting international fund-managing companies, property investment firms, banks and financial institutions, and hopes to have good results at the end of six months.

Calvin Wang (王治平), managing director of Jones Lang LaSalle, said the switch in lead agents is a normal business practice because Taipei 101 wants to attract a variety of customers.

"We are proud to have been responsible for 73 percent of the transactions to date at the landmark building, and will continue to be involved in the leasing of the building as a general agent," Wang said. "We look forward to achieving further successes for our client."

Taipei 101's occupancy rate is currently about 50 percent, and TFCC hopes to see that figure hit 60 or 70 percent by the end of the year, said Michael Liu (劉家豪), another assistant vice president.

"We are pretty satisfied with the progress seeing as we just opened at the end of last year," Liu said.

Taipei 101's current tenants include German chemical and drug maker Bayer Group and Swiss insurer Winter Life. Both moved into the building in April.

Other tenants are the Executive Center, HVB Bank, McKinsey & Company, Jones Lang LaSalle, People's King, Starbucks Coffee, Yulon Nissan Motor Co (裕隆日產) and Cosmos Bank (萬泰銀行).

One potential tenant is ABN AMRO Bank, which may rent a total of 3,000 ping in office space over four floors. That would make ABN the second-largest tenant after the Taiwan Stock Exchange Corp (證交所), Liu said.

TFCC said it has leased space to several restaurants for its observatory levels on the 85th, 86th and 88th floors, and that three restaurants will open in December. The restaurants will offer Chinese, European, Japanese and other Asian cuisines, Yang said.

Liu declined to name names as the deals had not been closed, but said a letter of cooperation had been signed with Y's Table Corp, a Japanese restaurant chain.

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