Brookfield Global Integrated Solutions opens Asia HQ in Singapore

Guests at the launch of Brookfield Global Integrated Solutions in Singapore.

Brookfield Global Integrated Solutions (Brookfield GIS), a global real estate facility management provider, announced last week the official opening of its Asia headquarters in Singapore.

The new headquarters in Singapore are located in heart of the central business district, and will have strategic oversight and executive management responsibilities over the company’s regional entities and real-estate facility management activities in Asia – a region identified for rapid growth and future opportunities.

Brookfield GIS provides real estate management services, facilities management services, project delivery services, and workplace solutions. Currently, the business manages approximately 26 million sq m of client portfolios across 23,000 locations in North America, Europe, Australia, New Zealand and Asia.

Globally, the facility management market is expected to grow at a CAGR of 12%, from US$27.25 billion in 2015 to US$49.44 billion by 2020 according to MarketsandMarkets. “Asia Pacific has been identified as one of the fastest growing markets in the world with countries like China and India driving the bulk of this growth. Brookfield GIS remains confident of the long term growth prospects of the industry,” said Jon McCormick, President and Managing Director of Brookfield GIS, Australia New Zealand. “Selecting Singapore as our Asia headquarters was the right choice for us as it has world-class infrastructure, strong connectivity to the rest of Asia and it boasts a vibrant business and economic climate.”

Brookfield GIS is well positioned to serve a new and growing clientele across the region with offices in Hong Kong, India and now Singapore. The business aims to increase regional presence by establishing offices in mainland China, Japan and Korea by 2017.

Brookfield GIS continues to strengthen its Asia executive team with the recent appointments of Mike Harrison as Executive Managing Director, based in Singapore, and David Cain as Executive Director in Hong Kong. The appointments of Harrison and Cain are in alignment with the firm’s strategic priority to strengthen its position as a global real estate facility management provider in Asia and reflects the demand for a more agile and responsive approach to service delivery. Both executives are industry leaders, having led significant global expansions in the region with their previous executive level roles and accumulated a wealth of experience in real estate.

“David and I are excited to join this rapid growing part of the business and our entry into the Asia market will be a planned and steady approach into each country, with experienced teams that can offer our clients business solutions related to their people and properties,” said Harrison.

Brookfield GIS is part of Brookfield, a global alternative asset management company with over US$240 billion in assets under management.  Brookfield is one of the largest real asset investors worldwide, leveraging complementary investment platforms and related services for clients.

According to Harrison, most companies think of Brookfield as the asset management company and one of his responsibilities will be to build awareness of Brookfield GIS' strengths. The company is also focused on expansion, with recruiting underway in Mumbai for instance. The China office will is expected to open early next year with the other countries to follow, he added.

Harrison also notes that Brookfield GIS has a conservative approach, and plan to be in the region for the long term. "It's not a race. We're taking the right opportunities for our clients and progressively building," he said. "We want to do it with the best talent."