BENGALURU, India, March 7, 2025 /PRNewswire/ -- Demand for office space across Asia Pacific's (APAC) top 11 markets surged 15.9% annually to 8.8 million sqm (94.7 million sq ft), led by India, Mainland China and Japan. H2 2024 was particularly strong, with office demand in the region reaching 4.7 million sqm (50.6 million sq ft), a 6.1% rise compared to H2 2023. Demand growth in H2 2024 was notable in markets such as India, Japan and particularly impressive in Australia, which had a lower base. Leasing activity, however, remained relatively subdued in New Zealand, the Philippines, South Korea, Hong Kong, and Taiwan in H2 2024.

BENGALURU, India, Jan. 9, 2025 /PRNewswire/ -- Colliers, a leading global diversified professional services company, specializing in commercial real estate services, engineering consultancy and investment management facilitated the transaction of 207,000 square feet for global cybersecurity company Rubrik at Embassy TechVillage, Bengaluru.

Located on Bengaluru's Outer Ring Road, Embassy TechVillage is one of Embassy REIT's flagship office parks which offers world-class office spaces, retail hubs, and recreational facilities. The park hosts some of the world's leading companies and continues to set the standard for integrated workspaces in India. Further enhancing its appeal, the upcoming 518-key dual-branded Hilton Hotels will provide unparalleled convenience and hospitality to over 50,000 park users.

Trend magnified in and around the MMR region, with the planned decongestion of Mumbai and ancillary locations- with potential returns reaching 4X over the next decade

MUMBAI, India, Dec. 9, 2024 /PRNewswire/ -- India's urbanization is at a turning point, marked by a surge in rural-to-urban migration. This drives the expansion of existing urban nodes, towards areas along their peripheries. 40% of India's population, equivalent to 60 crore people, is expected to reside in urban areas by 2030. Anticipating the growing need for quality urban infrastructure, India is expected to invest over INR 143 lakh crores in infrastructure by 2030. Most of this expenditure is to be directed towards urban clusters, driving significant activity in infrastructure-led urban development. Projects under consideration include second airports, inter-city metro connectivity, aero-cities, highways (including quick transit freeways), high-speed rail corridors, IT + ITES zones, large datacenter concentration zones, among others.

RICHMOND, Va., Sept. 16, 2024 /PRNewswire/ -- Lingerfelt and Colliers are pleased to announce the execution of an 85,750 square-foot, full-building lease with Shepherd Electric Supply in Building 2 at Ashton Logistics Park, located at 1630 Ashton Park Drive, South Chesterfield, VA 23834. Colliers' Wood Thornton, Rob Dirom, and Frank Hargrove, III handled lease negotiations on behalf of Lingerfelt.

RICHMOND, Va. and ITASCA, Ill., Sept. 5, 2024 /PRNewswire/ -- Lingerfelt and Colliers are pleased to announce a 106,376 square-foot lease with PECO Pallet at Port 801, located at 801 Port Walthall Drive, Colonial Heights, VA. The transaction brings Port 801 to full occupancy. PECO Pallet, Inc. is one of North America's largest providers of rental pallet services to the beverage, grocery, and consumer products industries. The transaction establishes PECO's primary operating facility serving the greater Richmond business community as well as clients North to Fairfax, Southeast to Norfolk, and West into West Virginia.