JCube is set to close its doors in August to make way for a 40-storey residential and commercial development, JCube Condo Residence, offering potential private homes, office space and other amenities. Long-term capital appreciation is expected due to JCube Residence its location in an infrastructural growth zone.

In the last six months, Colliers has made a number of strategic appointments to its leadership base in Singapore. This demonstrates the company’s commitment to the city-state, with the aim of developing its role as the Asia Pacific region’s centre of decision-making.

One such move was the appointment of Bastiaan van Beijsterveldt as Singapore’s managing director in January. He had previously served as executive director and head of occupier services, and succeeds Tang Wei Leng, who was appointed to the managing director role in 2015 and is now Colliers’ managing director and head of capital markets and investment services.

Additionally, in February Mike Davis, a former managing director for CBRE in the US, joined Colliers as managing director of occupier services for Asia Pacific. Chris Pilgrim, formerly the global capital markets director of the firm, was also appointed in November as managing director of global capital markets for Asia Pacific. Both Davis and Pilgrim are now based in the firm’s Singapore office in Marina Bay.

Sam Harvey-Jones, Colliers’ COO for Asia Pacific, notes that the importance of such appointments lies in the firm’s Enterprise ’25 strategy, which outlines its five-year targets and involves scaling up the company’s businesses. In line with this, the firm has invested a record US $1 billion in acquisitions to strengthen its investment management portfolio, and also entered new markets such as Norway with the acquisition of Nordic real estate advisory firm Pangea.

Since Van Beijsterveldt’s appointment, Colliers’ Singapore office has held various internal and external events such as town-hall sessions with the firm’s Asia Pacific CEO and other senior leaders, as well as client and media engagement sessions. In 2020, the company doubled its occupier services headcount in Singapore and is currently working towards doubling headcount in the other service lines. It is also looking to provide opportunity to members of the team already in the organisation.

Furthermore, Colliers is making a conscious effort to strive for a more diverse workforce, including better representation of women. This is an effort to attract and retain quality talent, which will bolster the firm’s market leadership in Singapore and the Asia Pacific region.