CBI member JLL announced the launch of its new specialized real estate services for F&B operators and retail property owners to help them better capitalize on the fast-growing F&B industry in Shanghai.
According to the Shanghai Municipal Bureau of Statistics, the hospitality and F&B industry reached RMB107.24 billion sales in 2016, a year-on-year increase of 4.7%.
F&B consumption in Shanghai has shown a trend of diversity and inclusiveness, further attracting well-known international F&B brands. Meanwhile, many ambitious tenants are continuously upgrading their restaurants and transforming themselves to provide more diversified and personalized experiences for diners.
Retail property developers and landlords are eager to understand this development trend and have huge demand for F&B tenant mix advisory and leasing services. In response to the market’s demand, JLL has taken the lead in launching this all-inclusive and integrated F&B service—a first in the industry—so that F&B operators and retail property owners from China and abroad can satisfy the market’s appetite.
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