CBRE has appointed Dennis Yeo as the Regional Head of Industrial & Logistics Services in Asia, according to a statement by the company. The appointment is in line with CBRE’s strategic plan to build its industrial and logistics platform.

Prior to joining CBRE, Yeo served as the Managing Director of Colliers, Singapore. Yeo joined CBRE on September 8, 2015, bringing with him more than two decades of experience handling industrial transactions for multinational corporate clients, funds and institutions across the region. He will be based in Singapore.

Yeo will be collaborating with Matt Haddon, Pacific Regional Director for Industrial & Logistics Services, to drive growth collectively across Asia Pacific. Manish Kashyap, Regional Managing Director, Brokerage, Asia says: “The long-term growth prospects of the industrial and logistics sector in Asia are tremendous. As the world’s largest commercial real estate services firm, it is imperative that CBRE builds on these capabilities now in anticipation of the uptick in demand for real estate services advisory. Dennis’ appointment is therefore very timely.”

CBRE expects demand for logistics warehousing space will remain strong in most Asian markets, driven by the development of organized retail in emerging markets, strong growth of e-commerce and expansion by third-party logistics (3PL) providers. The company is optimistic on Shenzhen, Shanghai and Guangzhou in particular. While the recent downturn in China may delay some rental growth, the long-term fundamentals of rising incomes and increasing consumption remain solid, CBRE says.