Global real estate consultancy JLL has appointed the new country head of Vietnam to succeed Stephen Wyatt who has relocated to the UK.

JLL's Vietnam country director Paul Fisher

Based in Ho Chi Minh City, Paul Fisher takes over as real estate firm’s Vietnam country head, leading the firm across its leasing, tenant representation, property asset management, project and development services, consulting and research, valuations and capital markets business lines.

The leadership change is interpreted as the firm's bid to enhance its business offerings.

“Vietnam continues to be one of our key growth markets in Southeast Asia and we are excited to strengthen our leadership team by appointing someone of Paul's caliber and experience,” says Chris Fossick, CEO, Singapore & Southeast Asia, JLL. “I’m confident that Paul’s addition will help to bring our Vietnam team to greater heights and deliver excellent service for our clients across the region.”

With 17 years of real estate experience, Paul has held key positions in Europe and Asia across leasing, tenant representation and capital markets.

He joined JLL in 2016 and in his role as senior director of tenant representation, he has partnered with renowned multinational corporations and advised on some of the most significant transactions in the Hong Kong market.

He has also assumed the role of PropTech lead and sits on the Britcham real estate committee.

“It is very exciting to be taking on this role given the significant opportunity we are seeing in Vietnam's real estate market, which is increasingly coming into focus for our international clients. I very much look forward to working with our local management team to drive growth and expand our business, whilst continuing to deliver the highest standards of service for our clients” said Fisher.

Before joining JLL, Fisher was head of corporate tenant representation at DTZ in Hong Kong, prior to which he held posts in London and Frankfurt. He graduated with a first-class BSc (Hons) in Property Management and Investment.

JLL is a Fortune 500 company with annual revenues of US$18 billion, operating in more than 80 countries and a global workforce of nearly 93,000 as of December 2019.

Working in Vietnam since 2006, JLL has the largest commercial agency team in Vietnam covering full scope of commercial services including landlord and tenant representation, interior fit-out, space optimization, consultancy, property and facility management services and professional consultancy services including valuation and research.

In 2019, JLL Vietnam reported unprecedented growth and the Capital Markets department successfully closing a number of high profile deals.

Recently, the total value of transactions consulted by JLL reached over US$250 million and most of the transaction types are property transfer and joint-venture partnerships between Vietnamese and foreign developers.