Cirro and Regus discuss the possibilities of partnership in commercial real estate management

Cirro and Regus discuss the possibilities of partnership in commercial real estate management

Cirro Capital and Regus Group set their eyes on French commercial real estate management as the market continues favorable growth forecast with raising take-up backed with low interest rates and vacancy rates.

KUALA LUMPUR, Malaysia, June 4, 2018 /PRNewswire/ -- In May 2018 Cirro Capital's CFO, Mr. Jimmy Edward met with Mr. Jonathan Djourno Area Manager Elysees of Regus Group to explore possible collaboration partnership in commercial real estate management.

Mr. Jimmy Edwards CFO of Cirro Capital (left) and Mr. Jonathan Djourno Area Manager Elysees of Regus Group (Right)
Mr. Jimmy Edwards CFO of Cirro Capital (left) and Mr. Jonathan Djourno Area Manager Elysees of Regus Group (Right)

2018 saw the return of solid economic growth in the French market, sustained by global recovery and a marked increase in investment. Strong activity in the commercial rental market over 2017 continued into Q1 2018 and all space segments posted good figures with positive growth in take-up. Q1 2018 take-up increased by 10% compared with previous year, totaling 718,000sqm. It's the best first quarter in ten years.

Cirro Capital Limited, a Malaysian-based investment and financial services company whom recently invested USD7.2 million into two palm oil plantations in Malaysia and Indonesia in November 2017 and a significant stake investment in OBOR Education Holdings Limited, has set its sights on France emerging cities to further expand its portfolio. Mr. Edward stated during the meeting that France's economic recovery has fueled rapid development in many French cities such as Bordeaux, Lyon, and Lille. These developments have a huge impact on the rising demand for commercial spaces. Cirro Capital and Regus Group will be joining hands in accessing the opportunities in these markets.

The Regus Group is a multinational company headquartered in Luxembourg. Regus and its brands offer their customers' fully equipped offices, coworking spaces, corporate domiciliation solutions, meeting rooms and telecommuting solutions in the form of business lounges. The Regus Group has 3,000 business centers in 900 cities in more than 120 countries. Regus employs 4,700 people worldwide and is listed on the London Stock Exchange, making up the FTSE Index

This potential partnership between two companies has the potential to fuel amazing growth opportunities for both parties.

Photo - https://photos.prnasia.com/prnh/20180604/2150235-1

This website is best viewed using the latest versions of web browsers.