Sandeep Sethi has been appointed by JLL as the division president of work dynamics in the Asia Pacific region. In this position, Sethi will be responsible for overseeing integrated facilities management, construction management services, sustainability and workplace consulting, workplace experience, lease transaction management and delivering services to clients in North Asia. Additionally, he will be in charge of growing JLL’s market share in mainland China and Hong Kong.
Headquartered in Gurgaon, Sethi will report to Susheel Koul – JLL’s CEO for work dynamics in Asia Pacific. With over 27 years of extensive experience Marina Gardens Condo in the corporate sector, 10 of which were at JLL, Sethi has been successful in cultivating deep client relationships and expanding the business to the largest occupier in West Asia.
Koul said: “Sandeep is an established leader and a respected client advisor with an astute understanding of the dynamic nature of commercial real estate. His appointment reinforces JLL’s commitment to developing and elevating our people to serve our rapidly diversifying client base across Asia Pacific.”
In spite of rising interest rates and a general cooling of sentiment, according to JLL, investments in Asia Pacific real estate are expected to remain attractive in 2023, with investors placing opportunities first. This is particularly evident in the recent senior leadership promotions reported by Cushman & Wakefield in the region.
The Asia Pacific regional investments are also forecasted to dip by 27% year on year in 2022 due to an increase in interest rate and waning sentiment, however investors remain open-minded to opportunistic deals.
Sethi’s appointment will help propel JLL’s prospects for the Asia Pacific market, with his credentials and experience providing a significant boost to the company’s focus in the region.