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The office, which occupies space in one of Singapore's most prestigious buildings, the Singapore Land Tower, now serves as its Asian headquarters. Strategically located in Singapore's central business district, the 4,000 square-foot space is on the top floor of the tower.
Rich Schulz of HDREP represented the exchange in the transaction. He said: "We were able to negotiate very favorable terms that secured flexibility for CME Group and ensured room for growth in this region that is key to the exchange's global strategy. We identified an opportunity in which an existing tenant was looking to terminate its lease early, and we capitalized on the infrastructure, build-out and furniture in place to get our client a great deal in a first-class building."
"Locating our Asian headquarters in Singapore was a strategic decision for us as we looked to centralize our sales team and operations," said C.F. Wong, Managing Director, Asia for CME Group. "We have a long-standing history of doing business in Asia and in particular with customers in Singapore. As we continue to grow our business throughout the region, having our operations prepared for growth is imperative."
Since 1980, Holly Duran, principal of HDREP, has served as the global real estate advisor to CME Group. In the past four years, Duran and her team have negotiated domestic and international transactions for CME Group representing more than 1 million square feet, while also managing the real estate transitions associated with the firm's merger with CBOT and acquisition of the New York Mercantile Exchange.
The boutique firm represents more futures-related business than any other real estate advisor in Chicago. HDREP finds space and negotiates transactions for clients on a global basis, supported by a network of carefully selected pre-eminent local real estate providers in domestic and international markets.
About Holly Duran Real Estate Partners
Based in Chicago, Holly Duran Real Estate Partners LLC (www.hdrealestate.com) is a global real estate strategy and services firm dedicated to providing innovative, cost-efficient solutions to commercial tenants. The firm has represented clients and completed transactions in over 50 cities, 26 states and 10 countries, negotiating transactions and managing lease issues for clients ranging from one-person operations to international lease portfolios. HDREP provides a full scope of real estate services, including brokerage, investment sales, acquisitions and dispositions, development, real estate tax consulting, real estate finance and analysis, real estate valuation/appraisal and project management. In addition to the futures industry, the firm represents clients in the financial, legal and entertainment industries. Clients include CME Group, MF Global, Rosenthal Collins Group, Brookfield Redding, TBA Global and McDermott Will & Emery.
SOURCE Holly Duran Real Estate Partners LLC
http://www.hdrealestate.com
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