CBRE appoints Pauline Goh as CEO for SE Asia

Goh, who has been employed by C B Richard Ellis for 27 years, will take over business activities in Singapore and the rest of South East Asia as part of CBRE’s expansion in this region.

C B Richard Ellis on Friday announced the promotion of Pauline Goh to Chief Executive Officer, South East Asia, effective on 1 July 2010.

Chris Brooke, President & C EO of C B Richard Ellis in Asia, said “As part of our ongoing strategy in Asia, we are looking to develop our business in Singapore into a hub operation to support our activities throughout South East Asia. In line with this strategy, within her newly expanded role, Pauline will adopt overall responsibility for our business activities in both Singapore and the remainder of South East Asia, working closely with the Managing Directors of our offices in Malaysia, Thailand, Vietnam, Cambodia, Indonesia and the Philippines. Pauline will also be working closely with me and other regional business line leaders as we look to continue to develop and enhance our capabilities throughout our offices in South East Asia.”

Goh has been an employee of C B Richard Ellis for 27 years. In 2005, she was promoted to Managing Director of the Singapore office. Under her stewardship as Managing Director, the Singapore office has performed to a consistently high standard, achieving both strong revenues and high profit margins on a regular basis, as well as taking a leadership position within the Singapore market, according to a CBRE announcement.

Pauline has been directly involved in a number of major property investment transactions, many office and residential projects and assignments undertaken by the company, as well as helping to manage the business and the people that make up the business.

In recent years, she has also been involved in several major investment transactions. With her strong relationships with building owners and network of contacts with local and foreign institutional investors, she helped to secure the largest independent private property transaction to- date in Singapore, the sale of Temasek Tower for $1.039 billion. Other major deals include the sale of The Atrium @ Orchard to CapitaMall Trust, the sale of Singapore Power Building to a fund managed by Pacific Star, the sale of CapitaLand’s stake at Samsung Hub to Ho Bee Group and the Chinese Chamber Realty, and the sale of floors at 80 Robinson Road from Asia Insurance Group to Hong Leong Group.

Mr Brooke said Goh deserve the promotion after showing consistent dedication to the broader interests of CBRE.

“We are currently operating in a very challenging and exciting environment in Asia. The South East Asian markets present a significant opportunity for CB Richard Ellis and we are looking both to grow the traditional components of our business as well as to develop enhanced and expanded capabilities in order to meet the increasingly sophisticated needs of our clients. At the same time, we are committed to protecting our market leadership in Singapore in relation to the mature lines of business – commercial leasing, investment sales, residential sales and leasing, valuation and advisory services and property management. I am honoured to be entrusted with this new role,” said Ms Goh.