SOURCE: Colliers International

July 10, 2012 00:30 ET

Apollo Global Real Estate Management and National Electronics Awarded "Asian Property Transaction of the Year" for the Sale of 50 Connaught Road Central in REIW Asia 2012

HONG KONG--(Marketwire - Jul 10, 2012) - The sale of 50 Connaught Road Central in Hong Kong has won the "Asian Property Transaction of the Year" award in the recent Real Estate Investment World Asia 2012 held in Singapore. The property was sold by Apollo Global Real Estate Management and National Electronics to the Agricultural Bank of China, with Colliers International as the transaction broker.

50 Connaught Road Central is a Grade A office building in Central - Hong Kong's CBD, comprising 28 storeys and a total gross floor area of 175,481 sq ft. Designed by renowned architect Robert A.M. Stern, the property features a façade of Manhattan's iconic skyscraper and enjoys 46 meters frontage (151 feet) on Connaught Road Central facing Victoria Harbour, Central and the Kowloon peninsula. The transaction's uniqueness also lies in the property's 999-year leasehold and 11,500 sq ft site area, amidst acute limited new supply in Central.

About Colliers International
Colliers International is a global leader in real estate services with more than 12,300 professionals operating out of 522 offices in 62 countries. As a subsidiary of FirstService Corporation (NASDAQ: FSRV) (TSX: FSV) (TSX: FSV.PR.U), Colliers offers the stability of a strong financial partner and significant local ownership providing clients with accountability and enterprising real estate solutions. Colliers provides a full range of services to real estate users, owners and investors worldwide including: global corporate solutions; sale and lease brokerage; property and asset management; project management; hotel investment sales and consulting; property valuation and appraisal services; mortgage banking and insightful research. The Lipsey Company and National Real Estate Investor magazine ranked Colliers International as the world's number two commercial real estate brand.

At the International Property Awards - Asia Pacific 2012, Colliers is awarded 11 accolades across the region including the Best Property Consultancy Awards in Hong Kong and Indonesia, and regional awards of Best Property Consultancy Marketing and Best Real Estate Agency Website for Asia Pacific.