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Singapore and Tokyo

Pelham Higgins joins JLL Asia Pacific Capital Markets team in Tokyo

Further strengthening JLL expertise in Asia Pacific industrial and logistics sector

​​​SINGAPORE & TOKYO, 12 November 2014 – JLL has confirmed the appointment of Pelham Higgins as a Director to the firm's Asia Pacific Capital Markets team, specialised in the Industrial and Logistics sector and based in Tokyo.

Pelham was previously an Investment and Business Development Manager at the Goodman Group (Goodman), also based in Tokyo. At Goodman Pelham oversaw international investor reporting and valuation requirements for the Goodman Japan Core Fund and spearheaded leasing initiatives for the Goodman Japan Development Partnership as a member of their global cross-border business development team. He was also actively involved in capital raising activities and investment transactions in Japan.

Stuart Crow, head of Asia Pacific Capital Markets at JLL said: "Pelham will be focused on further raising JLL's profile in the Asia Pacific Industrial and Logistics sector, and will work with global investors and owners/operators on industrial opportunities that exist across the region. Although arguably no longer a niche play, investment into logistics ticks a number of boxes for Asian investors. Industrial real estate offers significantly higher yields than other cap rate constrained investments and a degree of specialization that allows investors to differentiate themselves from competitors."

Pelham Higgins commented: "I am very pleased to be joining JLL's Asia Pacific Capital Markets team which has a great reputation, especially in relation to the major logistics transactions it has advised on in Japan in recent years. After seven years with Goodman, I am confident that I can add value to JLL and its Industrial and Logistics clients in the region."

Pelham has also worked for CBRE in Tokyo and Aurecon (formerly Connell Wagner) in Australia. He holds Masters Degrees in Real Estate Investment & Development and Urban & Regional Planning. Based in Japan since 2005, Pelham has extensive regional experience covering Hong Kong, China, Malaysia, Vietnam, Taiwan and Singapore. Pelham is a member of a several leading professional organisations including Supply Chain Asia where he is Executive Committee (EXCO) member for Japan.

After a strong 2013 performance the industrial sector in Asia Pacific has continued to attract global and regional investor attention in 2014, outperforming other asset classes throughout the region.  In Japan, following several large IPOs in 2012, the logistics sector has increased in popularity among domestic and foreign investors, resulting in compressing yields and increasing capital values. Modern and large logistics facilities only make up approximately three percent of the total logistics stock of 480 million sqm in Japan; as a consequence, when stock becomes available high premiums are paid, especially in central locations, and investors who wish to expand their investment in the logistics sector have to consider the development of new stock.

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Notes to Editors:

  1. Photograph of Pelham Higgins available to download

  2. JLL's Asia Pacific capital markets team comprises 300 people working in 80 offices across the region. In 2013 JLL Asia Pacific Capital Markets was ranked top real estate investment advisor in Asia Pacific by Real Capital Analytics (RCA),  advising on over US$21.5 billion of commercial real estate investment transactions across the region, equating to 36 percent market share.