SINGAPORE (EDGEPROP) - Global real estate consultancy JLL has announced that Stuart Ross has relocated to Singapore to assume his new position as head of Southeast Asia industrial and logistics. Ross moved from his role as head of industrial in China.
Stuart Ross, new JLL head of Southeast Asia industrial and logistics (Photo:JLL)
Ross will be driving JLL’s industrial and logistics business across Singapore, Malaysia, Thailand, Philippines, Indonesia and Vietnam, offering leasing and capital market services to clients. Yin Hong, formerly head of manufacturing, and Richard Huang, formerly head of logistics, have been promoted to become joint leaders of JLL’s industrial team in China.
In his previous role, Ross led a team of over 60 industrial specialists across 13 JLL offices in China in sectors including logistics, manufacturing, business parks and investment. Prior to China he had worked for 15 years in Sydney’s industrial market. In Australia and Asia, Ross has represented a wide range of clients including Adidas, BMW, Cisco, Dow Chemical, Johnson & Johnson, Lendlease, Unilever and Walmart.
“The industrial sector is undergoing huge change, driven by e-commerce, automation and the complexities of last-mile logistics,” comments Ross. “The opportunities in Southeast Asia are positive, with the region winning more manufacturers in recent years and growing domestic demand fuelling growth.”
Chris Fossick, JLL CEO for Singapore and Southeast Asia, says: “The region is home to some of the biggest global industrial & logistic investors as well as a significant REITs sector; and these clients are set to benefit from our expanded team.”
Fossick adds: “This move is a reflection of our confidence in the Southeast Asia industrial and logistics sector, which we believe is set to grow significantly over the coming years with the rise of e-commerce and growing foreign direct investment in manufacturing.”
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