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CHENGDU, CHINA-This burgeoning technology hub is one of three Mainland China cities where Cushman & Wakefield has just opened new offices, joining Guangzhou and Shenzhen. The latest additions give New York City-based C&W a presence in seven Chinese markets, and Asia Group CEO Michael Thompson says the operations strengthen the commercial real estate services firm’s coverage of China’s interior.

“It’s a natural progression for us,” Thompson tells GlobeSt.com, explaining that governmental policies favor growth in those markets going forward. Guangzhou and Shenzhen are emerging as major manufacturing centers, he says, whereas Chengdu has enjoyed heavy infrastructure development, good transit networks and economic breaks to encourage private investment. “The appeal for multi-nationals is very strong,” Thompson says of the city, which has 12 million people and an economy poised for new millennium growth. Intel, for example, recently opened a chip-processing plant in Chengdu. The capital city of the Sichuan Province in southwestern China, Chengdu is also regarded as a promising area for life sciences, reflecting a skilled, educated work force.

Approximately 20 people are already working in C&W’s Chengdu office, says Thompson, making it among the largest of its kind in the country. The opening coincides with C&W’s appointment as property manager of Times Plaza, a one-million-sf tower in Chengdu’s Central Business District.

C&W’s Chengdu office will be initially run by Andrew Zhu, the firm’s national director for business development, and supported by associate director Sonny Chen and senior manager Wang Yi. A veteran CRE consultant who previously worked in the Beijing operation, C&W director Lisa Lung will lead both the Guangzhou and Shenzhen offices. All three new offices will offer C&W’s full range of services, including leasing, facilities management, property management and investment sales capabilities. Not only can the firm assist in identifying CRE opportunities or establishing client operations in the markets served, Thompson says knowledge of government programs and policies could lead to assisting in structuring a favorable investment.

Besides the latest openings, C&W has offices in Beijing, Hong Kong, Shanghai and Taipei. Looking ahead, Thompson says the firm is eyeing an office in Dalian, a city in northern China that is becoming a favorite of technology companies. “We expect to see heavy investment there,” says Thompson, with a key draw being its reputation as a multi-cultural city whose population is fluent in Chinese, Korean and Japanese.

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