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The Executive Centre Strengthens Presence in Shanghai with New Centre in International Finance Center

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The Executive Centre, Asia Pacific’s leading premium serviced office provider, is pleased to announce the establishment of its sixth centre in Shanghai at Level 36, Tower 2, International Finance Center, adding superb presence to its extensive global network in 18 cities across 10 countries. The new centre, featuring breath-taking views of Lujiazui area and premium office space equipped with state-of-the-art technology, facilities and professional as well as dedicated support services, reinforces The Executive Centre’s market leadership by delivering the most flexible and dynamic solutions for businesses to meet their workplace needs. Thanks to the prime location, excellent quality and professional services, the new centre has been performing well with a strong occupancy of 80% achieved in less than two months after operations. The contemporary offices in various sizes can easily accommodate 1- 20 persons and be elastically reshuffled into diversified layouts. The centre also offers virtual offices, meeting rooms, video conferencing facilities and a wide range of business concierge services. “We already have five centres in Shanghai, all located in the iconic Grade A buildings. Gloried in our professional team and the premium fit-outs, we have achieved an average of 95% occupancy rate in these centres. The centre on Level 8 of IFC has attained almost 100% occupancy rate. We are delighted to sign another contract on Level 36 of IFC, in order to meet the increasing demand for premium office space in the market,” said Paul Salnikow, Chairman & Chief Executive Officer of The Executive Centre. “Benefitting immensely from the promising economic climate of Shanghai, the high-quality office market has seen a rapid rental growth with more demand coming from finance and service industries. We are very confident in our business in Shanghai,” added Paul. The flourishing economy of Shanghai, supported by USD 15 billion foreign direct investment in 2012, indicates a strong demand for office space, especially in prestigious commercial buildings in the city. According to the latest research data released by Colliers International, in downtown locations, rental levels for Grade A office premises should continue to grow at an anticipated rate of 5 to 10 percent for 2013 on the back of stable demand. “Thanks to the favourable government policies and the sound infrastructure, Shanghai has rectified the tide and remains one of the top investment destinations in China during the past years,” said Cherry Jiang, Head of The Executive Centre Shanghai. “Witnessing a general warm-up and the active development of tertiary industry sector which in turn stimulate the office market, we believe The Executive Centre will continue to grow both in terms of capacity and revenue in the coming years,” Cherry continued.  
About The Executive Centre

The Executive Centre is the leading premium serviced office provider in Asia Pacific with over 80 centres in 21 cities. Founded in 1994, it operates in Hong Kong, Beijing, Chengdu, Shanghai, Tianjin, Shenzhen, Guangzhou, Macau, Taipei, Tokyo, Seoul, Singapore, Jakarta, Bangalore, Chennai,Pune, Mumbai, Gurgaon, Brisbane, Perth and Sydney. The Executive Centre provides serviced offices, virtual office representation services, meeting and conference facilities, and business concierge services to multinational corporations, small and medium enterprises, and start-ups locally, regionally and internationally. Please visit our Web site at www.executivecentre.com.au

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