Nicholas Brooke

ULI Asia Pacific Chairman and Global Trustee Nicholas Brooke is chairman of Hong Kong–based real estate consultancy Professional Property Services Group. His 50-plus-year career in real estate has also seen him juggle a host of roles in both the public sector and the private sector. Apart from an ongoing position as principal adviser to the APEC Business Advisory Council, he has served as chairman of the Hong Kong Harbourfront Commission and Hong Kong Science and Technology Parks, as well as president of the Royal Institution of Chartered Surveyors. Before arriving in Hong Kong some 40 years ago, he worked in the Middle East as an adviser to the ruling families of Dubai, Bahrain, and Abu Dhabi, where he helped set up the Abu Dhabi Investment Authority (ADIA), today one of the world’s biggest sovereign wealth funds.

The Hong Kong government’s recent decision to embrace a new tendering process for the sale of a prime parcel of waterfront land adjoining the Central business district marks a welcome departure from longstanding policy. In the past, such tenders were invariably awarded to the highest bidder without regard to the quality of the proposed development. Now, however, use of a “two-envelope” approach to sell the plot, known as Site 3, means that design also becomes part of the equation.
Members Sign In
Don’t have an account yet? Sign up for a ULI guest account.