Our Global Corporate Services team has been appointed by Li & Fung to provide lease administration services to its global portfolio which amounts to 22 million sq ft. They will manage the current Li & Fung portfolio comprising 480 leases, across 33 countries with an annual rent roll of USD200+ million per year. The two-year contract (with further renewal options) will generate lease administration fees in excess of USD250,000. Ross Criddle (Head of GCS, Asia Pacific) highlighted: “The real upside in this win is for our teams across the globe to leverage the relationship we have built with Li & Fung and secure more lucrative Transaction and Project Management work.  Even in the Americas, Li & Fung has a strong presence there and we look forward to working together across the Newmark Grubb Knight Frank network. This news-breaking appointment is a testament to the progress the team in Asia Pacific is making – to secure global accounts headquartered out of Asia. In 2015, the team has won new global accounts with Spencer Ogden, BBC News and BBC Worldwide.”

More about Li & Fung:

  • Public listed company on the Stock Exchange of Hong Kong
  • Leading consumer goods design, development, sourcing and logistics company for major retailers and brands around the world
  • 25,000 employees worldwide with a USD20 billion turnover in 2014
  • Forbes Top 2000 World’s Biggest Public Companies

Ross Criddle

Head of Global Corporate Services, Asia Pacific
ross.criddle@hk.knightfrank.com